You'll need to sign in or create an account to connect with an expert.
The ability to contribute to a Roth IRA phases out based on your Modified Adjusted Gross Income (MAGI) and filing status:
If you don't exceed the income limit for your filing status, you can contribute the lesser of your earned income or $5,500 ($6,500 if age 50 or over).
Please comment below if you need further clarification.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
dldurbin1
Returning Member
wolf6
Returning Member
flyinhigh
Level 3
ho628
New Member
Energy02
New Member
Want a Full Service expert to do your taxes?