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Retirement tax questions
If you don't have any taxable compensation earned and paid in 2024, you cannot make a Roth IRA contribution for that year.
In any year you may contribute the lesser of 100% of taxable compensation or the annual limit .
Since it appears you retired in 2023 do not have any 2024 wages or other earnings from work, you are ineligible to make a Roth contribution, though you remain eligible to convert Traditional IRA funds to a Roth.
You will need to reach out to your Roth custodian and ask them to process a "Return of Excess Contribution" for you.
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‎April 7, 2025
5:27 PM