<p>^^The original post about the $70k is over 2 years old. Post #18 revived this old thread and is just asking about Roth contributions.</p>
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<p>Thank you very much swimcatsmom. Does that also mean contributions to Roth need not be reported on FAFSA/CSS profile?</p>
<p>Contributions to Roths are not reported anywhere on FAFSA as they have no impact on the income reportable on FAFSA. Contributions to regular IRAs are reported in another question in FAFSA because they do reduce the income (AGI) reported on FAFSA.</p>
<p>The only reason regular IRA contributions are reported separately on FAFSA is because you can not reduce your income for FAFSA purposes by contributing to an IRA so they add it back. As the Roth contribution does not ever reduce your reportable income, there is no reason to report it separately as it is already included in your reported income. (They are not going to count it twice)</p>
<p>The balance in IRAs is not a reportable asset for FAFSA.</p>
<p>I don’t know about CSS, but I would think the same rules would apply. They are not going to count the Roth contribution again as that would be double counting the income which is already in your AGI.</p>