Laine
New Member

Are there situations when a person can only contribute a fraction of their taxable income to a Roth IRA?

I am reporting U.S.-based freelancing income (a little more than $1000) as taxable, but TurboTax indicates I can only contribute a maximum of $200 to my Roth. I am also filing a Foreign Earned Income Exclusion, but that is on income separate from this.