I contributed to a Roth IRA but I make over the income limit I contributed to a Roth IRA but I make over the income limit

I contributed to a Roth IRA but I make over the income limit

Carol Carol

If your adjusted gross income surpasses the qualification for a Roth IRA. Then contributions made incur a penalty equal to 6 percent of what was contributed. The penalty is paid when you file your income tax return.

*We are not tax advisors, always confirm with a tax professional.