Hi Josiebean,
Welcome to the our ask the expert event. To ensure I understand your question(s), you would like more information about ROTH IRA contributions and income limits to contribute. I have this specialty for you. I will provide some context and provide your IRS resource. I have provided a link here. https://www.irs.gov/retirement-plans/amount-of-roth-ira-contributions-that-you-can-make-for-2023.
To provide some context as you read, ROTH IRAs are generally not taxable as long as you meet basically two conditions. 1) reached 59 1/2 and 2) have had the account for at least 5 years. There are other rules to this exception if you need to withdraw prior to these conditions, but that is a more later discussion. ROTH IRAs are known as after tax contributions or after tax dollars. They mean the same thing. ROTH contributions work similar to the Traditional IRAs but differ in the way you can contribute and there is NO deduction for an eligible ROTH contribution as you would for a Traditional IRA. My suggestion is to review the links I have provided. These will help you to learn more about ROTH as well as Traditional. Hope I have answered your questions. Thank you for allowing me to assist you today.
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