additional roth ira contributions

canam1969 · ‎February 8, 2021

my wages on box 1 of W2 is apx 130k after 10920 in 401k contributions. can i still do a roth ira?

DanaB27 · ‎February 8, 2021

It depends on your filing status and modified adjusted gross income (MAGI). Please see

If you cannot make Roth contributions because of your income then you might want to consider a backdoor Roth IRA Please see How do I enter a backdoor Roth IRA conversion? and What Is a Backdoor Roth IRA? for additional information.

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DanaB27 · ‎February 8, 2021

It depends on your filing status and modified adjusted gross income (MAGI). Please see

If you cannot make Roth contributions because of your income then you might want to consider a backdoor Roth IRA Please see How do I enter a backdoor Roth IRA conversion? and What Is a Backdoor Roth IRA? for additional information.

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

Do you have an Intuit account?