Roth IRA contribution income limits
A single client (age 60) is making $100,000 salary. He would like to make a Roth contribution for 2022 but also plans on converting $180,000 of his TIRA to a Roth in 2022. Is the Roth conversion amount included in the income limits for the Roth contribution? If so, he would be ineligible to contribute?
Permalink Submitted by Alan - IRA critic on Mon, 2022-11-21 19:50
The conversion income is NOT counted for purposes of income qualification for a regular Roth contribution. See worksheet 2-1 in Pub 590 A, line 2, which subtracts the conversion from AGI.