https://ttlc.intuit.com/community/retirement/discussion/additional-roth-ira-contributions/01/1892108#M123767 <P>my wages on box 1 of W2 is apx 130k after 10920 in 401k contributions. can i still do a roth ira?</P><P>&nbsp;</P> Mon, 08 Feb 2021 20:55:56 GMT canam1969 2021-02-08T20:55:56Z https://ttlc.intuit.com/community/retirement/discussion/additional-roth-ira-contributions/01/1892108#M123767 <P>my wages on box 1 of W2 is apx 130k after 10920 in 401k contributions. can i still do a roth ira?</P><P>&nbsp;</P> Mon, 08 Feb 2021 20:55:56 GMT https://ttlc.intuit.com/community/retirement/discussion/additional-roth-ira-contributions/01/1892108#M123767 canam1969 2021-02-08T20:55:56Z https://ttlc.intuit.com/community/retirement/discussion/re-additional-roth-ira-contributions/01/1892273#M123782 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">It depends on your filing status&nbsp;and modified adjusted gross income (MAGI). Please see&nbsp;</SPAN></SPAN></P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><A href="https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that-you-can-make-for-2020" target="_blank">2020 - Amount of Roth IRA Contributions You Can Make for 2020</A>.</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">If you cannot make Roth contributions because of your income then you might want to consider a backdoor Roth IRA Please see&nbsp;<A href="https://ttlc.intuit.com/community/entering-importing/help/how-do-i-enter-a-backdoor-roth-ira-conversion/00/25567#:~:text=A%20backdoor%20Roth%20IRA%20allows,is%20a%20two%20step%20process." target="_blank">How do I enter a backdoor Roth IRA conversion?</A>&nbsp;and&nbsp;<A href="https://www.daveramsey.com/blog/backdoor-roth-ira" target="_blank">What Is a Backdoor Roth IRA?</A>&nbsp;for additional information.</SPAN></SPAN></P> <P>&nbsp;</P> <P>&nbsp;</P> <P>&nbsp;</P> Mon, 08 Feb 2021 21:20:36 GMT https://ttlc.intuit.com/community/retirement/discussion/re-additional-roth-ira-contributions/01/1892273#M123782 DanaB27 2021-02-08T21:20:36Z