dmertz
Level 15

Retirement tax questions

@TimKearney1234 , it seems likely that TurboTax is correct and you are either determining MAGI for the purpose of the Roth IRA contribution limit incorrectly or your compensation available to support the contribution is insufficient.  The latter could be the case if your income is from self-employment and you have failed to subtract the deductible portion of self-employment taxes from net profit when determining the amount of net earnings available to support a Roth IRA contribution.