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I have filed my taxes but I am not making a full roth contribution as I said I would. Do I send in a revised tax return?

 
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Level 15

I have filed my taxes but I am not making a full roth contribution as I said I would. Do I send in a revised tax return?

Unless you have a 8880 (Savers credit) and claimed the credit, as part of the return, then it does not matter.

A Roth IRA contribution does not actually go on a tax return, but you should enter it anyway to:

   1) Tell you if your income qualifies you for a contribution and warn you if it does not.
   2) Check if your income exceeds the limit to contribute to a Roth.
   3) Track your contribution year-to-year if you use TurboTax every year.
   4) Add the Retirement Savers Credit if you qualify.

View solution in original post

2 Replies
New Member

I have filed my taxes but I am not making a full roth contribution as I said I would. Do I send in a revised tax return?

2018 return
Level 15

I have filed my taxes but I am not making a full roth contribution as I said I would. Do I send in a revised tax return?

Unless you have a 8880 (Savers credit) and claimed the credit, as part of the return, then it does not matter.

A Roth IRA contribution does not actually go on a tax return, but you should enter it anyway to:

   1) Tell you if your income qualifies you for a contribution and warn you if it does not.
   2) Check if your income exceeds the limit to contribute to a Roth.
   3) Track your contribution year-to-year if you use TurboTax every year.
   4) Add the Retirement Savers Credit if you qualify.

View solution in original post