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Hello, I qualified for Foreign Income Exclusion in 2019 and will continue in 2020. How does that affect my contributions to a ROTH 401k? Anything I should be aware of?

 
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KarenJ2
Expert Alumni

Hello, I qualified for Foreign Income Exclusion in 2019 and will continue in 2020. How does that affect my contributions to a ROTH 401k? Anything I should be aware of?

Yes.  For Roth IRA purposes, your AGI is modified to add back any foreign earned income exclusion and/or foreign housing exclusion that you claimed. 

 

 

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KarenJ2
Expert Alumni

Hello, I qualified for Foreign Income Exclusion in 2019 and will continue in 2020. How does that affect my contributions to a ROTH 401k? Anything I should be aware of?

Yes.  For Roth IRA purposes, your AGI is modified to add back any foreign earned income exclusion and/or foreign housing exclusion that you claimed. 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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