I made a SEP IRA contribution on my 2018 tax return. Can I also make a Roth IRA contribution for 2018? Can I make the maximum contribution which for me is $6500? Thanks.
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1 Best answer
MinhT
Expert Alumni
Jun 6, 2019 12:56:44 AM
It depends.
Your contributions to a Roth IRA may be reduced or phased out depending on your MAGI (Modified Adjusted Gross Income).
Please see this IRS document to determine if you are eligible to contribute to a Roth IRA: