TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Question

Rules around Roth IRA investments

Forum|Forum|4 years ago
January 26, 2022
3 replies
27 views

I have a Retirement Funds with my employer

Not sure what the limit is ... But say the IRS limit is $6,500 (below 50 yrs of age) , Could I put away in these accounts the full max allowed amounts (I know only a partial amount is tax deductible due to the employers Retirement Funds)

Level 15

Yes. The difference is tax deductible or not. You are much more limited by the tax deferred portion. You can make more contributions that are taxed. Please see this chart provided by The Tax Book.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Level 4

Any chance of making that chart larger so it can be read?

Alumni - Expert

Alumni - Expert

You can also save the image and enlarge it if you still cannot read it.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"