Turbo Tax is saying that my Modified Adjusted Gross income is over the current Roth limit of $10,000. Isn't the actual limit $144,000? How can I update this?

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Turbo Tax is saying that my Modified Adjusted Gross income is over the current Roth limit of $10,000. Isn't the actual limit $144,000? How can I update this?

@agerbetz wrote:

Married filing separately. Is that the reason for the lower limit?

Yes. If you are living together, filing separately and your modified AGI is $10,000 or more your Roth IRA contribution is reduced.

Go to this IRS website for Roth IRA contributions - https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that...

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Turbo Tax is saying that my Modified Adjusted Gross income is over the current Roth limit of $10,000. Isn't the actual limit $144,000? How can I update this?

What is your fling status? Married? If so, are you filing as MFS or MFJ? If MFS are you and your spouse living together?

Turbo Tax is saying that my Modified Adjusted Gross income is over the current Roth limit of $10,000. Isn't the actual limit $144,000? How can I update this?

Married filing separately. Is that the reason for the lower limit?

Turbo Tax is saying that my Modified Adjusted Gross income is over the current Roth limit of $10,000. Isn't the actual limit $144,000? How can I update this?

@agerbetz wrote:

Married filing separately. Is that the reason for the lower limit?

Yes. If you are living together, filing separately and your modified AGI is $10,000 or more your Roth IRA contribution is reduced.

Go to this IRS website for Roth IRA contributions - https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that...

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