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April 9, 2025
Question

IRA contributions

  • April 9, 2025
  • 1 reply
  • 0 views

For 2024, I withdrew money from my traditional IRA and did not redeposit it within 60 days. Can I still contribute to my Traditional or Roth IRAs in the same year without having earned income? 

    1 reply

    DoninGA
    Employee
    April 9, 2025

    No, you cannot contribute to an IRA if you do not have any taxable compensation for the year.