A backdoor Roth IRA allows taxpayers to contribute to a Roth IRA even if their income exceeds the IRS-approved amount for such contributions.

Publication 590-A (2019), Contributions to Individual Retirement Arrangements (IRAs)

Income Ranges for Determining IRA Eligibility Change for 2021

A backdoor Roth IRA is not an official type of retirement account. Another reason is that a backdoor Roth contribution can mean significant tax savings over the decades since Roth IRA distributions, unlike traditional IRA distributions, are not taxable. On the positive side, a backdoor Roth IRA lets you get around these limits:
**Roth IRA income limits:** A backdoor Roth IRA is not a tax dodge—in fact, it might even incur higher taxes when it's established—but the investor will get the future tax savings of a Roth account. When you convert money from a traditional IRA to a Roth IRA, you owe the taxes on the entire amount transferred in that tax year.

Backdoor Roth IRA : The Benefits Explained

A Roth IRA is a retirement savings account that allows you to withdraw your money tax-free. Learn why a Roth IRA may be a better choice than a traditional IRA for some retirement savers.

Traditional and Roth Individual Retirement Accounts (IRAs): A Primer

2021 Limitations Adjusted as Provided in Section 415(d), etc.

Publication 590-A (2019), Contributions to Individual Retirement Arrangements (IRAs).

Retirement Plan and IRA Required Minimum Distributions FAQs.

Retirement Topics - IRA Contribution Limits

Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline

Victims of Texas winter storms get deadline extensions and other tax relief

How Are My Deposit Accounts Insured by the FDIC?

Retirement Savings Contributions Credit (Saver’s Credit).

Publication 590-B (2019), Distributions from Individual Retirement Arrangements (IRAs).

Topic No. 557 Additional Tax on Early Distributions from Traditional and Roth IRAs.

H.R.1865 - Further Consolidated Appropriations Act, 2020

H.R.1994 - Setting Every Community Up for Retirement Enhancement Act of 2019

What happens if I go over my IRA contribution limit?

Table of Contents
What Is a Roth IRA? There are two basic documents that must be provided to the IRA owner when an IRA is established:
The IRA disclosure statement
The IRA adoption agreement and plan document
These provide an explanation of the rules and regulations under which the Roth IRA must operate, and establish an agreement between the IRA owner and the IRA custodian/trustee. The distributed assets are used toward the purchase—or to build or rebuild—a first home for the Roth IRA holder or a qualified family member (the IRA owner's spouse, a child of the IRA owner or of the IRA owner's spouse, a grandchild of the IRA owner and/or of their spouse, a parent or other ancestor of the IRA owner or of their spouse). For distribution of account earnings to be qualified, it must occur at least five years after the Roth IRA owner established and funded his/her first Roth IRA, and the distribution must occur under at least one of the following conditions:
The Roth IRA holder is at least age 59½ when the distribution occurs. Who's Eligible for a Roth IRA?
The Spousal Roth IRA
Withdrawals: Qualified
Withdrawals: Non-Qualified
Roth IRA vs. Traditional IRA

What Is a Roth IRA? Guide to Getting Started

A self-directed individual retirement account (SDIRA) is a type of IRA, managed by the account owner, that can hold a variety of alternative investments.

Publication 590-B (2019), Distributions from Individual Retirement Arrangements (IRAs)

Investor Alert: Self-Directed IRAs and the Risk of Fraud

Table of Contents
What Is a Self-Directed IRA (SDIRA)?
Understanding a Self-Directed IRA
How to Open a Self-Directed IRA
Traditional vs Roth SDIRA
Investing in a Self-Directed IRA
Self-Directed IRA Risks Available as either a traditional IRA (to which you make tax-deductible contributions) or a Roth IRA (from which you take tax-free distributions), self-directed IRAs are best suited for savvy investors who already understand the alternative investments and who want to diversify in a tax-advantaged account. A self-directed IRA (SDIRA) is a variation on a traditional or Roth IRA in which you can hold a variety of alternative investments, including real estate, that regular IRAs can't own. A self-directed individual retirement account (SDIRA) is a type of individual retirement account (IRA) that can hold a variety of alternative investments normally prohibited from regular IRAs.

Roth IRA

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Backdoor Roth IRA : The Benefits Explained

What Is a Roth IRA? Guide to Getting Started

Self-Directed IRA (SDIRA)