☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Jul 26, 2023 10:43:25 AM

Roth IRA

Can I contribute to a Roth IRA if I’m contributing the maximum amount to a 401k? I make over $300,000 per year

0 1 769
1 Replies
Expert Alumni
Jul 26, 2023 10:49:03 AM

Hi Keithc2,

That is a good question. The Roth IRA income limits for 2023 are less than $153,000 for single tax filers, and less than $228,000 for those married, and filing jointly. Unfortunately you will be able to make contribution to Roth IRA, however you can still contribute to Traditional IRA and then convert to a Roth IRA. To learn more about IRA conversion, please visit the website below.

https://turbotax.intuit.com/tax-tips/investments-and-taxes/now-everyone-can-convert-to-a-roth/L4NEqOEla 

Hope this answers your question. Feel free to reply to this message if you have any additional questions.