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Get your taxes done using TurboTax
Hello yijian,
Thank you for joining us today. If I understand your question correctly, rollovers do not affect the contribution limits for the tax year unless some of those rolled over amounts represent contributions for the tax year.
For example, the IRA contribution limit for 2023 is $6,500 ($7,500 for age 50+) and you had just over $14,000 rolled over into your IRA in 2023. If all that $14,000 was from prior years, then you can still contribute $6,500 ($7,500).
On the other hand, if you already contributed $2,000 and it was part of that $14,000 rolled over, then you can only contribute $4,500 ($5,500) more for the 2023 tax year.
Please note: the answers above were given under the assumption that you have not been reemployed and only address contributions to an IRA. If you have been re-employed, or are self-employed now, things could be different depending on any retirement plans available to you at work and what your income is. Here is an excellent article for further consideration.
I hope that helps.