You'll need to sign in or create an account to connect with an expert.
To contribute to a Roth IRA you must have taxable compensation. VA benefits are not taxable compensation nor are they entered on a tax return.
No. VA disability is not earned income and not taxable income so it would not count as income for your Roth IRA contributions.
You can withdraw the amount you put in it this year to avoid the overfunding penalty. This must be done by April 15th.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
CourtneyR
Level 1
destinee_r
New Member
tbayeur
Level 1
heatherlynnfin
New Member
noah-upton2001
New Member