Dear Community,
Context: Based on our 2022 married filling jointly income we were eligible to contribute upto the max-limit into Roth IRA. So, assuming the same I put in upto the limit money for 2023 as well in my Roth IRA and some contribution in my spouses too. However, later in the year I changed my job and got a higher salary and joining bonus and my gross W2 wages for 2023 will be $230K+ now.
Questions:
- Can I simply withdraw the money contributed in our 2023 year? Or do I need to add some additional steps in my tax return this year?
- Can we both (me and spouse) do backdoor Roth for this year?
- If I put some of my income in pre-tax 401K then if there a possibility that I can contribute to Roth IRA this year?
Please feel free to ask any more details if needed.
Thanks,
