Roth Limitations
Limitations on contributions to a Roth IRA (Tax Year 2008):
| Modified Adjusted Gross Income (MAGI)Modified Adjusted Gross Income (MAGI): Your gross income from all sources (including wages, salaries, tips, taxable interest, dividend income, alimony, capital gains (losses), increased and decreased by certain adjustments (not including itemized deductions). (See IRS Publication 590 Individual Retirement Arrangements (IRAs) |
Maximum Contributions for Individuals Under Age 50 |
Maximum Contributions for Individuals Age 50 and Older |
| Single Filers |
Married Filing Jointly |
Married Filing Separately |
| $101,000 & under |
$159,000 & under |
$0 |
$5,000 |
$6,000 |
| $102,500 |
$160,000 |
$1,000 |
$4,500 |
$5,400 |
| $104,000 |
$161,000 |
$2,000 |
$4,000 |
$4,800 |
| $105,500 |
$162,000 |
$3,000 |
$3,500 |
$4,200 |
| $107,000 |
$163,000 |
$4,000 |
$3,000 |
$3,600 |
| $108,500 |
$164,000 |
$5,000 |
$2,500 |
$3,000 |
| $110,000 |
$165,000 |
$6,000 |
$2,000 |
$2,400 |
| $111,500 |
$166,000 |
$7,000 |
$1,500 |
$1,800 |
| $113,000 |
$167,000 |
$8,000 |
$1,000 |
$1,200 |
| $114,500 |
$168,000 |
$9,000 |
$500 |
$600 |
| $116,000 & over |
$169,000 & over |
$10,000 & over |
$0 |
$0 |
