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Level 2
June 6, 2019
Solved

If i have "earned" income of $12,000 but no ($-0-) "taxable" income can i contribute to a roth ira?

  • June 6, 2019
  • 1 reply
  • 0 views
And I am single tax payer.
    Best answer by

    Yes. Contributions to an IRA are determined by earned income, not taxable income.

    1 reply

    Answer
    June 7, 2019

    Yes. Contributions to an IRA are determined by earned income, not taxable income.

    Level 2
    June 7, 2019
    Coleen, Thank you very much and I hope you have a great and smooth tax season!!!