When our son was in this position, he reduced his AGI to get into the 0% tax bracket by contributing enough to his traditional 401(k), then he contributing to his Roth 401(k) since those contributions would not taxed. And then he contributed to his Roth IRA since the Roth 401(k) contribution was not removed from Box 1 of his W-2 he still had enough earned income to be eligible. In the end he put more than 100% of his partial year wages into his 401(k) and Roth.
The OP's son miight be able to do something similar.
The OP's son miight be able to do something similar.
Statistics: Posted by livesoft — Sat Jun 29, 2024 9:30 pm