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rescue-m
New Member

If I only made $4,000, can I contribute the full $4,000 to a Roth and $4,000 to an IRA?

Only had active income of $4000. I put it in a Roth but I'm wondering If I can also put the same amount in an IRA as your T Tax program is prompting me to do that.

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Accepted Solutions
dmertz
Level 15

If I only made $4,000, can I contribute the full $4,000 to a Roth and $4,000 to an IRA?

No, you can't use the same income for both.  If you have only $4,000 of eligible compensation, your combined regular personal contributions to traditional and Roth IRAs is limited to $4,000.

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1 Reply
dmertz
Level 15

If I only made $4,000, can I contribute the full $4,000 to a Roth and $4,000 to an IRA?

No, you can't use the same income for both.  If you have only $4,000 of eligible compensation, your combined regular personal contributions to traditional and Roth IRAs is limited to $4,000.

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