Question

Can I still make a Traditional IRA Contribution While Taking a Required IRA Distribution?

Forum|Forum|3 years ago
March 17, 2023
1 reply
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I have a question whether I can still make a contribution to my Traditional IRA plan while taking required IRA distributions on my 2022 Federal Income Tax form. I am still working full time. I was able to still contribute to my plan on my 2021 tax form but was told that there might not be able to do so for 2022 due to my age. Can anyone let me know if I can still contribute or not, and if so, are there any limitations to how much I can contribute. Thanks.

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D

dmertz

Employee

The SECURE Act removed the age limitation on making contributions to a traditional IRA. You can make a traditional IRA contribution subject to the same limitations as anyone else regardless of your age.