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hmc32976
New Member

Can someone help? Receiving "Your Roth Contribution Was Too High". The MAGI number is too high and is not including 401 contribution in W2.

 
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DanaB27
Expert Alumni

Can someone help? Receiving "Your Roth Contribution Was Too High". The MAGI number is too high and is not including 401 contribution in W2.

To clarify, you made direct Roth IRA contributions? Please do not enter contributions to a work retirement account in the IRA contribution interview.

 

Your Roth IRA contributions are limited by your MAGI. Please see  Worksheet 2-1. Modified Adjusted Gross Income for Roth IRA Purposes how this MAGI is calculated.

 

Please see What if I made an excess Roth IRA contribution for additional information.

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