A backdoor Roth IRA can be a great resource to minimize taxes when you retire in exchange for some additional taxes right now ...

Clark Howard, the consumer advocate behind The Clark Howard Show, has told high-earning listeners to think twice before chasing the backdoor Roth IRA. His position: for couples already maxing a 401(k) ...

Vanguard has outlined how high-income earners locked out of direct Roth IRA contributions in 2026 can still gain access through an IRS-permitted backdoor conversion. The strategy routes after-tax ...

Congress changed the rules for when beneficiaries must take money from inherited IRAs, 401(k)s, and other retirement accounts ...

If your income is too high for direct Roth IRA contributions, you may feel shut out of tax‑free retirement growth. The backdoor Roth IRA gives you a legal path around these limits, even in **2026**.

Part of a series of articles to help you open a Roth IRA and invest for retirement Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and ...

The pro-rata rule taxes conversions based on the ratio of pre-tax to after-tax IRA assets, potentially making the tax bill substantially worse; remediation requires reconstructing basis with IRS Form ...

Form 8606 is the document that establishes your after-tax basis in the IRA and prevents the IRS from taxing those dollars twice at conversion. Without it, you will pay ordinary income tax on money you ...

Tens of millions of Americans may not realize they could be owed a IRS refund from the COVID-19 era so, the independent National Taxpayer Advocate (NTA) is sounding the alarm to let them know the ...

The final regulations published Tuesday by the IRS stick with the proposed regulations that modify information-reporting obligations for Part IV of Form 8308, Report of a Sale or Exchange of Certain ...

Millions of Americans could qualify for IRS refunds on COVID-era penalties if they paid late fees between Jan. 20, 2020, and July 10, 2023.

A landmark federal court decision has opened the doors to COVID-era tax refunds for millions of U.S. taxpayers. In Kwong v. United States, the U.S. Court of Federal Claims determined that the COVID-19 ...