MAGI for Roth contribution

rsswenson — Sat, 18 Jan 2020 18:39:22 GMT

I am trying to confirm something since I can't seem to find a direct answer to my question. This is about eligibility to contribute to a Roth IRA this year. My AGI is well below the threshold that would preclude contribution. However, apparently one of the adjustments that one must add in order to calculate MAGI is the value of traditional IRA contributions. I do make maximal contributions to tax-advantaged, employer-sponsored 403B and 457B plans. I do not contribute to an IRA. I assume that the 403B and 457B plans are not counted as "income" for the calculation of MAGI for a Roth, even though my participation in these plans would preclude me from making a tax-deferred contribution to a traditional IRA plan. Can anyone confirm this?

Re: MAGI for Roth contribution

macuser_22 — Sat, 18 Jan 2020 18:46:17 GMT

Correct. See IRS Pub 590A worksheet 2-1 for the MAGI calculations.

https://www.irs.gov/publications/p590a#en_US_2018_publink1000230989

topic Re: MAGI for Roth contribution in Retirement tax questions

MAGI for Roth contribution

Re: MAGI for Roth contribution