Personal Finance & Money Asked on February 13, 2021
I heard there is a non-deductible IRA and it can be converted to Roth IRA. I am just wondering if there any income limits for contributing to a nondeductible IRA
No, there is never an income limit on non-deductible Traditional IRA contributions. There is also no income limit on doing Roth conversions. The thing to watch out for with the "backdoor Roth" is that you have no pre-tax IRA money at the end of the year in which you do the Roth conversion; otherwise it will be partially taxable.
Answered by Craig W on February 13, 2021
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