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New Member
posted Mar 31, 2025 8:33:45 PM

How to view MAGI for current tax year to determine ROTH IRA Contribution income limit?

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1 Replies
Expert Alumni
Mar 31, 2025 8:48:35 PM

You would need to compute that, the program does not offer it. There is a section where TurboTax can help with Traditional IRA contributions (Other Tax Situations) , but not Roth IRA contributions. 

 

According to the IRS:

MAGI for Roth IRA contributions

Take your AGI and:

  • Add traditional IRA deductions - Schedule 1 (Form 1040), line 20
  • Subtract income from converting an IRA (other than a Roth IRA) to a Roth IRA - Form 1040 or 1040-SR, line 4b
  • Subtract rollovers from a qualified retirement plan to a Roth IRA - Form 1040 or 1040-SR, line 5b)

For 2024, you can contribute to a Roth IRA if you have taxable compensation and MAGI less than the annual income amount for your filing status:

  • Married filing jointly - $240,000
  • Married filing separately - $10,000
  • All others - $161,000

If your Roth calculated MAGI is more than the annual income amount for your filing status:

You can refigure your AGI for these other income and losses that depend on your AGI for Roth IRA contributions: