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Traditional IRA Income Limits

Find out if you can contribute and if you make too much money for a tax deduction in 2022 and 2023.

By Motley Fool Retirement Team – Updated Nov 25, 2024 at 9:07PM

Key Points

  • Traditional IRAs allow tax-free growth, with taxable withdrawals in retirement.
  • Deductible contributions to traditional IRAs have income limits if covered by a workplace plan.
  • Non-deductible contributions can still be made regardless of income, useful for backdoor Roth IRAs.
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