topic Roth IRA Contributions in Retirement tax questions

Roth IRA Contributions

cvsos — Mon, 09 Mar 2026 10:01:18 GMT

My wife had $3,200 in wages and $3,156 in business income in 2021. Our income was below the $198,000 level but when I try to input a Roth IRA contribution of $6,356 (she's over 50) TT says that max contribution is $6,133, so an excess contribution of $223. Why doesn't she get to contribute the full amount of her earned income?

Re: Roth IRA Contributions

dmertz — Mon, 18 Apr 2022 12:59:30 GMT

The $3,156 is reduced by the deductible portion of self-employment taxes, $223.

Re: Roth IRA Contributions

cvsos — Mon, 18 Apr 2022 16:39:00 GMT

Thanks!