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Roth IRA - Conversion From an IRA Distribution Must be by End of Tax Year.
You cant make a Roth IRA contribution if your modified AGI is $10,000 or more. IRA contribution limit increased. Beginning in 2023, the IRA contribution limit is increased to $6,500 ($7,500 for individuals age 50 or older) from $6,000 ($7,000 for in- dividuals age 50 or older).
You may contribute simultaneously to a Traditional IRA and a Roth IRA (subject to eligibility) as long as the total contributed to all (Traditional and/or Roth) IRAs totals no more than $6,000 ($7,000 for those age 50 and over) for tax year 2022 and no more than $6,500 ($7,500 for those age 50 and over) for tax year
A backdoor Roth can be created by first contributing to a traditional IRA and then immediately converting it to a Roth IRA (to avoid paying taxes on any earnings or having earnings that put you over the contribution limit).
Yes, the deadline is December 31 of the current year. A conversion of after-tax amounts is not included in gross income. Any before-tax portion converted will be included in your gross income for the conversion tax year.
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People also ask

Although there has been talk of eliminating the backdoor Roth in recent years, this option is still allowed in 2023.
Its possible to make IRA contributions for 2022 up until the tax filing deadline: April 18, 2023. But you must complete Roth IRA conversions by Dec. 31, 2022, if you want them to count for this year. If you miss this deadline, you can do your conversion in 2023 instead.
The deadline to perform Roth conversions is December 31st of the tax-reporting year. So, if you want to convert funds from a traditional IRA to a Roth to count towards your 2023 taxes you must do so by December 31, 2023.