You'll need to sign in or create an account to connect with an expert.
Yes. Since you made less than the yearly maximum IRA contribution limit, your maximum contribution to an IRA is your earned income from your W-2 wages and net profit from self employment activities, if applicable.
Yes, you can contribute to an IRA if you have taxable compensation, earned income, up to the amount of your income.
IRS website for IRA contributions - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
rhondacburke
New Member
bjw5017
New Member
rhondacburke
New Member
stefaniestiegel
New Member
mailsaurin
New Member