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March 1, 2021
Question

Contribution to an IRA or Roth IRA

  • March 1, 2021
  • 1 reply
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Can I contribute to an IRA or Roth IRA if my modified AGI doesn't have any wages in it?  My modified AGI is only interest and dividends.

    1 reply

    March 1, 2021

    No, unfortunately, your IRS limit is the amount of taxable compensation so interest and dividends would not qualify.