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Married, Filing Separately on This Combined  Form

Married, Filing Separately on This Combined Form

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hi everyone Mark zaidi here with today's ask the expert question this is a good one says my spouse and I plan to file taxes next year as married filing separately to reduce my student loan payment on the pay as you earned plan however I heard married filings separately will prevent us from making Roth IRA contributions is this true we don't want to fall behind on retirement savings so what should we do well the good news here is he can still make Roth IRA contributions however you need to use the backdoor Roth IRA contribution strategy so let's dig into this a little bit more and see how it's done so there are Income limitations in order to make a Roth IRA contribution and when you file your taxes as a married filing separately the maximum income is only ten thousand dollars so that's very prohibitive and basically most people can't make a Roth IRA contribution when they file our taxes as married filing separately however there is no inco

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