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IRA Contributions with a High Income question

Hello, I got some substantial raises this year which drove me to over 150k. I already maxed out my 401k contribution limit for the year and HSA. I have been looking into putting funds into an IRA, but I read in several places that contributions into an IRA have income restrictions and plainly saying due to my income I won’t get the expected tax benefits from Traditional or Roth IRA.

Is it true? Is doing a Backdoor IRA worth it ?

Thanks in advance.

IRA Contributions with a High Income question – RobinHood – Reddit Feed


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