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bm887
Returning Member

Which w-2 box 1 or 5 determines earnings for Roth contribution?

My W-2 has Box 1 = $6707, Box 5= $7783, Age is 70. Can I contribute the full $7000 to a Roth IRA?

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‎March 5, 2021 11:05 AM
last updated ‎March 05, 2021 11:05 AM
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2 Replies
macuser_22
Alumni
Alumni

Which w-2 box 1 or 5 determines earnings for Roth contribution?

Your taxable compensation, box 1 usually.   Enter it into the IRA contribution section and TurboTax will tell you if you qualify.

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎March 5, 2021 11:11 AM
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bm887
Returning Member

Which w-2 box 1 or 5 determines earnings for Roth contribution?

Thanks

 

‎March 5, 2021 11:27 AM
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1,783
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