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kfoster6969
Level 2

Is there a calculator on TurboTax that will allow me to calculate my MAGI in order to determine if I can contribute to a Roth IRA this year?

 
posted
‎November 25, 2024 10:48 AM
last updated ‎November 25, 2024 10:48 AM
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VolvoGirl
Level 15

Is there a calculator on TurboTax that will allow me to calculate my MAGI in order to determine if I can contribute to a Roth IRA this year?

See the answer on this post

https://ttlc.intuit.com/community/investing/discussion/is-there-any-easy-way-to-determine-what-i-can... 

‎November 25, 2024 10:54 AM
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VolvoGirl
Level 15

Is there a calculator on TurboTax that will allow me to calculate my MAGI in order to determine if I can contribute to a Roth IRA this year?

The employee answer on that prior post says…

MAGI is calculated by taking your Adjusted Gross Income and adding back items like your student loan interest deduction, foreign earned income exclusion, and excludable savings bond interest. You can see Worksheet 1-1 on page 15 of Publication 590-A for the complete calculation.

 

‎November 25, 2024 10:58 AM
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