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- Can client contribute maximum (or any amount) to Roth IRA filing MFJ with AGI of $240k? If yes, is it just considered non-deductible?
Can client contribute maximum (or any amount) to Roth IRA filing MFJ with AGI of $240k? If yes, is it just considered non-deductible?
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warrensidosky
Level 1
03-11-2023
06:17 PM
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TaxGuyBill
Level 15
03-11-2023
06:40 PM
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No, not directly. Roth contributions are never deductible, even when the contribution is allowed.
https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that...
There could be options for "backdoor" Roth IRAs though. You should Google for more information about that.
