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This table shows whether your contribution to a Roth IRA is affected by the amount of your modified AGI as computed for Roth IRA purpose.
For 2025, the Roth IRA contribution limit holds steady at the same level as 2024. If you qualify, you can stash away up to $7,000 in your Roth IRA for the year. And if you're 50 or older, you get ...
To contribute to a Roth IRA (and score those sweet tax advantages), you have to fall within the income limits set by the IRS. Here are the Roth IRA income limits for 2024 and 2025.
A Roth IRA phaseout limit is the income level at which your contribution can be reduced or "phased out" completely. Each year's contribution amount to a Roth IRA is limited based on your tax filing status and your modified adjusted gross income (MAGI).
For those with a MAGI of $10,000 or more, contributions are phased out completely. Individuals who are married but filing separately can still contribute to a Roth IRA, but the income and contribution limits are greatly reduced compared to other filing statuses, especially if they cohabitate with their spouse.
The income phase-out range for taxpayers making contributions to a Roth IRA is increased to between $150,000 and $165,000 for singles and heads of household, up from between $146,000 and $161,000. For married couples filing jointly, the income phase-out range is increased to between $236,000 and $246,000, up from between $230,000 and $240,000.
The 2024 Roth IRA income limits are $161,000 for single tax filers and $240,000 for those married filing jointly. The Roth IRA contribution limits are $7,000, or $8,000 if you're 50-plus. The...
Contributions begin phasing out above those amounts, and you can't put any money into a Roth IRA once your income reaches $161,000 if a single filer or $240,000 if married and filing jointly...
Roth IRA contributions are made on an after-tax basis or through a 529 rollover starting in 2024. However, keep in mind that your eligibility to contribute to a Roth IRA is based on your income level.
The contribution limit for a Roth IRA is $7,000 (or $8,000 if you are over 50) in 2024. Those are the caps even if you make more, up to the phaseout level. Earned income is the basis for ...