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Roth and Traditional—how much?

Answered by: 

Question: 
If the customer puts money into a Roth and a Traditional to the maximum amount, is that considered an excess?
Answer: 

The customer has up to $6000/$7000 to put in an IRA depending on age. This is not for each IRA but between the two.

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Learn more about Deborah Crawford’s IRA Update and Review—2021-2022 Tax Season webinar.

First published on 12/26/2021

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