Roth IRA Contribution Question
Hi Andy,
We have a client that uploaded a 2022 W-2 from FedEx for exercised stock options. He has been retired from the company for a few years. Since the income is coded in Box 1 of the W-2, we believe he is eligible to make a Roth IRA Contribution, but wanted to confirm since he technically didn’t work there in 2022.
Thanks!
Permalink Submitted by Alan - IRA critic on Tue, 2023-02-21 15:57
Yes, Box 1 of a W-2 less any amount in Box 11 is treated as earned income for IRA contribution purposes.