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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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‎April 6, 2023
2:34 PM