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Turbotax shows I had an excess Roth contribution for 2021 but it didn't include my unemployment income that counts toward my total income. Why not?

So if I add my self employment income and unemployment benefit income I am above the $7,000 limit and do not have an excess Roth contribution
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1 Reply
MinhT1
Expert Alumni

Turbotax shows I had an excess Roth contribution for 2021 but it didn't include my unemployment income that counts toward my total income. Why not?

Unemployment compensation is not considered as earned income and cannot be used to contribute to a Roth IRA.

 

Please read this IRS document for more information.

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