Roth IRA Contribution Eligibility in 2024

[HelloKitty2025]

In 2023, I contributed $6,000 to a Roth IRA but later realized that I should have contributed to a traditional IRA due to income limits. On February 13, 2024, I recharacterized the total amount of $7,756.93, which included the initial $6,000 plus $1,756.93 in earnings. I left the entire $7,756.93 in the traditional IRA account for a year.

On February 13, 2025, I converted the total amount of $9,498.57 from the traditional IRA back to the Roth IRA. This total comprised the initial $6,000.00 plus $3,498.57 in earnings. Since our incomes did not exceed the income limit in 2024, am I still eligible to contribute to the Roth IRA in 2024?

[DanaB27]

Yes, you can make a Roth IRA contribution for 2024. A conversion is not a IRA contribution.