 |
Roth IRA Contribution Rules: The Comprehensive Guide
Source:
https://reportdoor.com/roth-ira-contribution-rules-the-comprehensive-guide/
- Jan 23, 2021
Roth IRA Contribution Limits
Anyone of any age can contribute to a Roth IRA, but the annual contribution cannot exceed their earned income. Let’s say that Henry and Henrietta, a married couple filing jointly, have a combined MAGI of $175,000. Both earn $87,500 a year, and both have Roth IRAs. In 2021, they can each contribute the maximum of $6,000 to their accounts, for a total of $12,000.
click source to read article
Category: General Business
|
