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What is/was the deadline to backdoor Roth IRA for 2023?
Posted on 3/1/24 at 4:03 pm
Posted on 3/1/24 at 4:03 pm
I don’t have either kind of IRA yet, but don’t meet income requirements for Traditional, so I plan on doing the backdoor Roth. My question is can I still do the backdoor process for 2023, assuming it’s before April 15 of this year. Or was December 31 the deadline for 2023?
3
Posted on 3/1/24 at 4:22 pm to Celery
Yes, you can still do it.
I think you are confusing doing a late contribution with backdooring though.
And roth ira has an income limit, traditional does not.
I think you are confusing doing a late contribution with backdooring though.
And roth ira has an income limit, traditional does not.
This post was edited on 3/1/24 at 4:34 pm
Posted on 3/1/24 at 6:21 pm to Celery
Are you under the threshold to just go straight into the Roth? Preferable for sure.
Posted on 3/1/24 at 7:22 pm to Celery
Tax day if I remember correctly.
Posted on 3/1/24 at 7:43 pm to Rize
quote:
Tax day if I remember correctly.
Yeah I just realized no one said the actual date. 4/15/24 for 2023 contributions.
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