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.

blewis1596 · ‎June 6, 2019

MinhT · ‎June 6, 2019

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:

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MinhT · ‎June 6, 2019

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:

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

blewis1596 · ‎June 6, 2019

Our combined income was well below the phase out amount base don the link sent. Thanks.

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