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Reload this Page Earned income for IRA contribution (HSA, employment)
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Old 08-11-2016, 07:01 PM
 
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What amount of earned income is counted as being eligible for an IRA contribution: the gross or the net amount?
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Old 08-11-2016, 08:32 PM
 
Location: Florida
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Gross
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Old 08-11-2016, 09:22 PM
 
Location: California side of the Sierras
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If you are talking about self-employment income, it is the net profit.
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Old 08-11-2016, 10:40 PM
 
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it's modified adjusted gross. So it is essentially gross minus 401k contributions and HSA contributions.
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Old 08-13-2016, 12:15 PM
 
Location: Maryland
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See Pub 590 on the IRA.gov website.
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