Retirement tax questions

Any contribution you make to an IRA, Traditional or Roth, after May 17, 2021 is based on your 2021 taxable compensation, not 2020.

 

IRS website for deduction limits - https://www.irs.gov/retirement-plans/ira-deduction-limits

 

IRS website for contribution limits - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

 

 

View solution in original post