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IRA contribution

Hindhustani

By Hindhustani
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Telugodura456 LEGEND

Telugodura456

Posted
Posted
16 minutes ago, Hindhustani said:

 Bro if my combined AGI is greater than 228 then if I use backdoor Roth then how do I get tax benefit for 2023 year. Sorry for the confusion 

no tax benefit for 2023, withdrawal appudu untadhemo

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Pavanonline Celebrity

Pavanonline

Posted
Posted
7 hours ago, TechSri said:

Back door Roth IRA does not need any income limits. 
 

contribute to Traditional IRA (for 2023) before April 15 then convert immediately to Roth IRA account. It is also called back door Roth IRA which is legal. you can do $6500 max. If you and your spouse want to do samething then do in separate IRA accounts each $6500

Income limit i mentioned is for direct Roth, no need of back door if you are within limits 

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