After tax IRA contribution
AGI is $150K
Can I make a $6K contribution to my IRA ?
Which one do I deposit the Contribution to - the Roth or the Traditional?
AGI is $150K
Can I make a $6K contribution to my IRA ?
Which one do I deposit the Contribution to - the Roth or the Traditional?
For the traditional IRA you will be able to make a contributions as long as you have taxable compensation but it might not be deductible if you or your spouse are covered by a retirement plan at work. Please see IRA deduction limits for details.
For the Roth IRA contributions may be limited based on your filing status and income. Please see 2020 - Amount of Roth IRA Contributions You Can Make for 2020 for details.
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