Hi!
I contributed to my Roth IRA for 2025 and 2026, but it turns out my combined income (married filing jointly) is over the limit, so I'm not eligible to make direct Roth contributions. I called my bank to see if I could reclassify the contributions. They told me I can contribute to a Traditional IRA instead, but I wouldn’t be able to take the tax deduction due to my income level.
My CPA didn’t mention this option, and I haven’t been able to find clear information online confirming that I can still contribute to a Traditional IRA (non-deductible) under these circumstances. Can anyone clarify this for me?
Thanks!!
