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Retirement tax questions
It would seem that the Roth IRA contribution does exceed the amount that you are eligible to contribute either because you have not entered sufficient compensation to support the Roth IRA contribution or because your modified AGI for this purpose exceeds the amount for your filing state above which the contribution becomes limited below the overall annual limit. Examine TurboTax's Roth IRA Contribution Limit Worksheet to see the calculation of your maximum permissible Roth IRA contribution.
March 27, 2025
4:55 AM