Is Your Income Too High to Contribute to a Roth IRA?

11/01/2017

On December 22, 2017, The Tax Cuts and Jobs Act was signed into law. The information in this article predates the tax reform legislation and may not apply to tax returns starting in the 2018 tax year. You may wish to speak to your tax advisor about the latest tax law. This publication is provided for your convenience and does not constitute legal advice. This publication is protected by copyright.

a magnifying glass looking at a paper that says Roth IRA on it with a stack of money behind it

There is a legal work-around to the high-income limitation.

You can make non-deductible traditional IRA contributions and then convert the contribution to a Roth IRA.

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