You can contribute up to the annual limit, but you cannot contribute more than you actually earned that year. If you only earned $3,000, that is your maximum contribution. 2. 2026 Income Limits (MAGI) Roth IRA income limits for 2026 - Fidelity Investments
You must have "taxable compensation" (money earned from working) to contribute. who can buy roth ira
Wages, salaries, tips, bonuses, professional fees, and net earnings from self-employment. You can contribute up to the annual limit,