Retirement tax questions

JulieS · ‎March 31, 2023

Yes, you must have earned income and it must be taxable on your return to contribute to a Roth, or traditional IRA.

If all of your wages are not taxable due to the Foreign Earned Income Exclusion, you do not have earned income to justify an IRA contribution.

The image below shows what is and is not compensation for the purpose of contributing to an IRA. It is from IRS Publication 590-A.

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