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2014 Roth IRA Contributions?

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  • 2014 Roth IRA Contributions?


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Answer #1 | 22/12 2013 19:02
You can contribute the higher amount because you turn 51 in 2014. Even if your birthday was December 31st, 2014... it still means you turned 51 in 2014 and are allowed to contribute the additional $1000.
Positive: 30 %
Answer #2 | 22/12 2013 19:40
You can contribute the $6500 any time during the year you turn 50, even on Jan 1.
Positive: 24 %

Possible answer

ROTH IRA excess contribution in 2014. Hello, hope you can advise. This year going through my taxes I noticed that I over contributed $5500 to my Roth IRA ...
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Positive: 30 %
Page 2 of 2 6107 / 2414R (Rev. 10/2014) ©2014 Ascensus, Inc. RULES AND CONDITIONS APPLICABLE TO ROTH IRA CONTRIBUTIONS Roth IRA contribution rules are ...
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Positive: 25 %
What is an IRA contribution? 2015 and 2016 traditional and roth IRA contribution, distribution, qualifications, limits, rules, and retirement planning.
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Positive: 11 %
Excess Contributions to Roth IRAs. ... $5,500 contribution to a Roth IRA early in 2014, ... to be below the income limitation for Roth IRA contributions.
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Positive: 10 %

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