However, you can still contribute to a Roth IRA and make cumulative contributions to a Roth or traditional IRA, regardless of your age. The initial tax relief is one of the main things that differentiates traditional IRA rules from Roth IRAs, where tax deduction for contributions is not allowed. Using this definition of compensation, if your income exceeds the limit of a Roth IRA or is zero for a fiscal year, you will not be able to contribute to a Roth IRA during that year. A conversion method is to take a distribution from the traditional IRA and contribute it (renewal) to a Roth IRA within 60 days from the date of distribution.
