Backdoor IRA: new to this. What’s the benefit of backdoor IRA if you have to pay tax during t IRA to Roth conversion. Why not directly Roth. Am I missing something? Thanks

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there are income limits set by the IRS for anyone who wants to contribute ‘directly’ to a roth IRA. keywords are income limits and directly

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Thanks PWC1. Understood the intent.

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Another thing, can I put in t IRA and convert later in the year. Or I need to do in 60 days. We file returns jointly and are above the income limits.

when converting, you only pay tax on the gains (assuming you funded with after tax dollars), which should be minimal.

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