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jlobo112
New Member

Is the Roth IRA contribution limit based on adjusted gross income?

 
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DanaB27
Expert Alumni

Is the Roth IRA contribution limit based on adjusted gross income?

The limit is based on your modified adjusted gross income (MAGI): 2020 - Amount of Roth IRA Contributions You Can Make for 2020

 

Please see Worksheet 2-1. Modified Adjusted Gross Income for Roth IRA Purposes

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