Question

 What is the maximum income for a Roth IRA?

Answer For 2010, people whose Adjusted Gross Income exceeds $177,000 cannot contribute to a Roth IRA if they are married and filing jointly. That figure shrinks to $120,000 for single people and heads of ... Read More »
http://www.answerbag.com/q_view/1903886

Top Q&A For: What is the maximum income for a Roth IRA

Is the Roth IRA income limit the gross or the taxable income?

The Roth IRA income limit uses your modified adjusted gross income (MAGI). Your MAGI equals your adjusted gross income plus several adjustments you may have claimed--including traditional IRA contr... Read More »
http://www.answerbag.com/q_view/2222217

What is the maximum a person under 50 can put into a Roth IRA?

The maximum amount a person under 50 can contribute to a Roth IRA is adjusted each year for inflation. As of 2010, the most you can contribute is $5,000. However, this limit is cumulative with trad... Read More »
http://www.answerbag.com/q_view/2098400

What is the maximum Roth IRA contribution?

According to the Internal Revenue Service, the maximum contribution for a Roth IRA contributor is determined by age. As of 2010, contributors under age 50 are limited to the lesser of $5,000 o... Read More »
http://www.answerbag.com/q_view/2064054

What is maximum IRA to Roth IRA per year?

There is no limit on the amount that may be converted from a traditional IRA to a Roth IRA in a year. In 2010, there are also no income restrictions as to Roth IRA eligibility, and the taxes due o... Read More »
http://www.answerbag.com/q_view/2092550


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