MinhT1
Expert Alumni

Retirement tax questions

There may be a misunderstanding here.

 

The document you refer to gives the MAGI limits for contributing to a Roth IRA.

 

But also your Roth IRA is limited to your compensation. and the IRS defines compensation as:

 

Compensation includes wages, salaries, tips, professional fees, bonuses, and other amounts received for providing personal services. It also includes commissions, self-employment income, nontaxable combat pay, military differential pay, and taxable alimony and separate maintenance payments, and taxable non-tuition fellowship and stipend payments.

 

Please read this IRS publication page 38 for more information.

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