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Returning Member
posted Mar 7, 2024 5:45:30 AM

MAGI calculation for determining Roth IRA Contribution Limits on Income

In the turbo tax Roth IRA worksheet, it appears the wrong AGI amount is being used to calculate my MAGI.   My AGI includes a deduction for self employed health insurance I paid.  Turbo tax in adding this back to my AGI for my MAGI.   I have reviewed IRS Form 590A, and it does not state that should be added back for my MAGI calculation (I used the IRS worksheet for Roth IRA contributions in the instructions).  Where is the documentation stating that the value in Schedule 1, Part 2, Line 17 has to be added back to my AGI to get my MAGI for Roth contributions?

 

 

 

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1 Replies
Level 15
Mar 7, 2024 10:26:04 AM

Duplicate question. Please post your question only once. This is a message board, not live chat. It might take some time before someone replies to your question.