Q: What is the max I could contribute to an individual ROTH 401K when my AGI is $24,000? Thank you
A:
See here: https://www.irs.gov/retirement-plans/traditional-and-roth-iras.
Be aware that your deadline for contributions for the 2022 tax year is this Tuesday, April 18, 2023, so you need to make arrangements before then if you are looking to benefit for your 2022 taxes. If you have already filed your return, you may be able to amend, but not if you miss the contribution deadline. Contact your accountant ASAP.
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