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Roth IRA income limits: Your compensation counts

There are no income limits for a traditional IRA, but how much you earn has a direct bearing on how much you can contribute to a Roth IRA.

Is your income OK for a Roth IRA?

Whether or not you can make the maximum Roth IRA contribution ($5,500 annually, or $6,500 if you're age 50 or older) depends on your tax filing status and your modified adjusted gross income (MAGI).

Your contribution can be reduced or "phased out" as your MAGI approaches the upper limits of the applicable phase-out ranges listed below.

Roth IRA phase-out ranges


FILING STATUS

Single

2016 INCOME RANGE

$117,000–$132,000

2017 INCOME RANGE

$118,000–$133,000


FILING STATUS

Married, filing jointly

2016 INCOME RANGE

$184,000–$194,000

2017 INCOME RANGE

$186,000–$196,000


FILING STATUS

Married, filing separately*

2016 INCOME RANGE

$0–$10,000

2017 INCOME RANGE

$0–$10,000

If your income qualifies

Your next step is to determine how much you can contribute, based on your level of income.

Visit irs.gov for phase-out details on how to calculate your contribution limit:

Visit irs.gov for phase-out details on how to calculate your contribution limit:

If your income doesn't qualify

If you still want to open a Roth IRA, a "backdoor" path could be your solution.

Open your IRA today

We're here to help

Call 877-662-7447

Monday through Friday
8 a.m. to 10 p.m., Eastern time

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SELF-EMPLOYED OR OWN A SMALL BUSINESS?

You may be able to save even more with a SEP-IRA or SIMPLE IRA.

REFERENCE CONTENT

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Modified adjusted gross income (MAGI)

An amount used to determine a taxpayer's IRA eligibility. Generally, it's the taxpayer's adjusted gross income calculated without certain deductions and exclusions.