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Retirement tax questions
I want to clarify that I am only commenting on when a person solely has income from IHSS income and no other taxable compensation. Code section 408(o)(5) added by the Secure Act states contributions can be made to Traditional Non-Deductible IRA’s only. One can’t make a contribution to a Roth IRA based solely on IHSS income since no federal tax has been paid on this income.
February 12, 2024
8:27 PM