Today I just discovered that my 2023 Roth IRA contribution was ineligible because my spouse and I filed married separately and resided together.
If we amend our 2023 taxes today (9/2024) to file jointly; will this correct the ineligible status.
Please also note, my spouse had a tax payment due, which has been paid, and I received a refund.
If you were ineligible for the Roth IRA contribution only because your own MAGI filing separately was above $153,000 but filing jointly your MAGI together will be below $218,000, yes, amending to joint filing would eliminate the excess contribution. Yes, you are permitted to amend to change from the separate tax returns to a joint tax return. The instructions for Form 1040-X have instructions for amending from separate to joint.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
