What are the income limitations on Roth IRA contributions?

KirkH
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Roth IRA income limitations

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  • PhillipB
    PhillipB FreeTaxUSA Team Posts: 69

    Hello,

    This page on the IRS website provides all of the income limits for Roth IRA contributions in 2024.

    For single, head of household (HOH) and married filing separate (MFS) (if the spouses lived apart the entire year) filers, you can make a full Roth contributions as long as your income is below $146,000, $230,000 for for married filing joint filers (MFJ) and 10,000 dollars is the income limit for MFS filers (if the spouses lived together).

    The contribution is phased out to between $146,000 to $161,000 for single, HOH, and applicable MFS filers, $230,000 to $240,000 for MFJ filers, and no contribution is allowed MFS filers with income more than $10,000. If the income is over the higher amount of the ranges above, there is no contribution allowable to those filers.

    Let us know if there are additional questions or concerns.

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