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MAJ
Level 2

Contribution to an IRA or Roth IRA

Can I contribute to an IRA or Roth IRA if my modified AGI doesn't have any wages in it?  My modified AGI is only interest and dividends.

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‎March 1, 2021 12:56 PM
last updated ‎March 01, 2021 12:56 PM
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MaryK4
Expert Alumni
Expert Alumni

Contribution to an IRA or Roth IRA

No, unfortunately, your IRS limit is the amount of taxable compensation so interest and dividends would not qualify.

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‎March 1, 2021 1:10 PM
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