DanaB27
Expert Alumni

Retirement tax questions

To confirm you followed the entry steps from How do I enter a backdoor Roth IRA conversion?

 

To confirm, did you have taxable compensation, like from wages or self-employment income? Please see Compensation for details.

 

For 2024, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than:

  • $7,000 ($8,000 if you're age 50 or older), or
  • If less, your taxable compensation for the year (IRS)

 

@yamasaki-erika 

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