The Modified Adjusted Gross Income (MAGI) for Roth purposes may be found in IRS Publication 590A, page 40. If contributions are made only to Roth IRAs, your contribution limit is generally the lesser of: $7,000 ($8,000 if you are age 50 or older), or Your taxable compensation. However, if your modified AGI is above a certain amount, your contribution limit may be reduced. These Roth contribution calculations may be found on page 39.

TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

CCWuellner

Question

While working on my tax return how do I determine my taxable income to figure my Roth IRA contribution limit?

Forum|Forum|1 year ago
March 31, 2025
1 reply
0 views

No text available

JamesG1

The Modified Adjusted Gross Income (MAGI) for Roth purposes may be found in IRS Publication 590A, page 40.

If contributions are made only to Roth IRAs, your contribution limit is generally the lesser of:

$7,000 ($8,000 if you are age 50 or older), or
Your taxable compensation.

However, if your modified AGI is above a certain amount, your contribution limit may be reduced. These Roth contribution calculations may be found on page 39.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"