Telugodura456 Posted January 7, 2024 Report Posted January 7, 2024 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 Quote
Pavanonline Posted January 8, 2024 Report Posted January 8, 2024 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 Quote
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