What Are the Roth IRA Income Limits? -- The Motley Fool

The 2016 Roth IRA income limits Unlike a traditional IRA, the ability to contribute to a Roth IRA depends on your income and filing status. There are two income limits to be aware of.
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What Are the Roth IRA Income Limits? -- The Motley Fool

Re: Single roth ira income limits 2016

Retirement Topics IRA Contribution Limits Internal. John, 42, has both a traditional IRA and a Roth IRA and can only contribute a total of $5,500 to either one or both in 2018. Sarah, age 52, is married with no taxable compensation for 2018. She and her husband reported taxable compensation of $60,000 on their 2018 joint return.

What Are the Roth IRA Income Limits? -- The Motley Fool

Re: Single roth ira income limits 2016

Roth IRA Contribution Limits Income Limits 2018 Roth IRA income limits are higher for 2018 than they were for 2017, when your modified adjusted gross income had to be less than $118,000 if single or less than $186,000 if married and filing.

What Are the Roth IRA Income Limits? -- The Motley Fool

Re: Single roth ira income limits 2016

IRA Income Limits for 2016 and 2017 -- The Motley Fool The IRA income limits for 2016 and 2017 depend on your tax filing status and whether you're contributing to a traditional or a Roth IRA. Traditional IRA contributions are not restricted by income.

What Are the Roth IRA Income Limits? -- The Motley Fool

Re: Single roth ira income limits 2016

2016 Traditional IRA Income Limits - Max Contribution. Traditional IRA Income Limits for 2016 If your filing status is head of household or single, your IRA tax deduction starts to phase out when your AGI reaches $61,000 and completely disappears when you reach $71,000.

What Are the Roth IRA Income Limits? -- The Motley Fool

Re: Single roth ira income limits 2016

Amount of Roth IRA Contributions That You Can Make for. Amount of your reduced Roth IRA contribution. If the amount you can contribute must be reduced, figure your reduced contribution limit as follows.

What Are the Roth IRA Income Limits? -- The Motley Fool

Re: Single roth ira income limits 2016

2018 IRA Limits on Contributions and Income - The Balance Income Limits When You Have a Company-Sponsored Retirement Plan. If you andor your spouse participate in a company-sponsored retirement plan (such as 401(k) or Section 457), you can still make an IRA contribution, but it may not be deductible.

What Are the Roth IRA Income Limits? -- The Motley Fool

Re: Single roth ira income limits 2016

IRA Contribution Limits - Fidelity Since the 2010 tax year, there is no income limit for taxpayers who wish to convert a Traditional IRA to a Roth IRA. 2. Married (filing separately) can use the limits for single individuals if they have not lived with their spouse in the past year.

What Are the Roth IRA Income Limits? -- The Motley Fool

Re: Single roth ira income limits 2016

2016 Roth IRA Contribution Limits Also, despite the Internet rumors, Roth IRA contribution income limits remain in full effect for the 2016 tax year. What did change in 2010 is the income limit on making a Roth IRA conversion.

What Are the Roth IRA Income Limits? -- The Motley Fool

Re: Single roth ira income limits 2016

Roth IRA Limits: See If You Qualify Based on Income. If you are single, you must have a modified adjusted gross income under $135,000 to contribute to a Roth IRA for the 2018 tax year, but contributions are reduced starting at $120,000. If you are married filing jointly, your MAGI must be less than $199,000, with reductions beginning at $189,000.