New answers tagged roth-ira
1
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Can I contribute money to a Roth IRA that I had previously withdrawn?
Of note is it doesn't actually make a difference. Even after the 60 days, but before the April 2022 cutoff, you still could have contributed up to $4200 more for 2021, so whether you call it "...
- 46.4k
4
votes
Can I contribute money to a Roth IRA that I had previously withdrawn?
If you withdraw money from your IRA, you have no more than 60 days to put it back before it is final. This is called "indirect rollover". You can only do one indirect rollover per year, at ...
- 134k
2
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Can I contribute money to a Roth IRA that I had previously withdrawn?
No, in October 2022, you cannot re-contribute what you had withdrawn from your Roth IRA during 2021 (or before April 15/18 2022, the last date to make an IRA contribution for 2021). That ship has ...
- 30.6k
2
votes
Can I contribute money to a Roth IRA that I had previously withdrawn?
No, you cannot do that. The deadline for making contributions to your IRA (traditional or Roth) for the 2021 tax year was April 15, 2022. It is now October 2, many months past the deadline.
- 149
0
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Will I pay taxes twice after doing a Roth IRA -> IRA recharacterization?
To be clear, is this because you are ineligible or in phaseout for Roth because of AGI, and ineligible for deductible trad because of employer plan coverage and AGI? If you are over 6k in Roth (7k ...
- 4,314
1
vote
Accepted
Roth IRA contribution limit based on salary if salary changes
The limits are based on how much you earn in the entire tax year, not necessarily your salary at that time. If you get a substantial raise and find out that you've already over-contributed based on ...
- 117k
0
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How to calculate loss for the purpose of return of excess funds in ROTH IRA?
The Publication 590-A section "Excess Contributions Withdrawn by Due Date of Return" (which is about Traditional IRA but should apply equally to Roth IRA) says,
In most cases, the net ...
- 15.8k
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