Taxes
"Backdoor" Roth is a non-deductible contribution after-tax-dollars to a traditional IRA then convert it to a Roth.
| Traditional IRA Contribution Limits | |||
|---|---|---|---|
| Filing Status | Year | If You Make Above This Income, Your Deduction Phases Out | If You Make Above This Income, You Lose Your Deduction |
| Single | 2019 | $64,000 | $74,000 |
| 2020 | $65,000 | $75,000 | |
| Married Filing Jointly | 2019 | $103,000 | $123,000 |
| 2020 | $104,000 | $124,000 | |
| Married Filing Separately | 2019 | $0 | $10,000 |
| 2020 | |||