Roth IRA AGI Limits
What are the Roth IRA AGI limits?
The maximum IRS adjustable gross income (AGI) limits for making a Roth IRA contribution change from year to year, so it's a good idea to make sure your contributions are still within the letter of the law.
Depending on the tax year in which you're making a contribution, you can find those limits listed below.
Remember, you can make contributions for a given tax year until April 15th of the following tax year. For example, let's say you want to make a Roth IRA contribution for the 2014 tax year - then you have until April 15, 2015 to do so.
2013 Roth IRA AGI Limits
For the 2013 tax year, the Roth IRA AGI limits for making the maximum Roth IRA contribution are as follows...
2012 Roth IRA AGI Limits
For the 2012 tax year, the Roth IRA AGI limits for making the maximum Roth IRA contribution are as follows...
If you want to make the maximum Roth IRA contribution, then compare your taxable income to the situation above which describes your tax filing status.
If your current earned income exceeds the amount associated with your tax filing status, you can NOT make the maximum Roth IRA contribution for that tax year.
Roth IRA AGI Phase Out Rules
However, even if your income disqualifies you from making the maximum contribution, you can still make a partial contribution as long as your income is below the AGI limits.
For the 2013 tax year, the Roth IRA AGI limits for making any Roth IRA contribution are as follows...
And for the 2012 tax year, the Roth IRA AGI limits for making any Roth IRA contribution are as follows...
If your adjustable gross income for either tax year is somewhere above the threshold for making the maximum Roth IRA contribution, yet below the threshold for making any sort of contribution, then the maximum amount you can contribute is determined by the Roth IRA phase out rules as determined by the IRS.
Earn Too Much?
If your AGI exceeds the threshold for making a direct Roth IRA contribution, don't worry.
You aren't necessarily out of luck when it comes to making a Roth IRA contribution.
In 2010, the $100,000 limit for making a Roth IRA conversion disappeared.
This means anyone, regardless of income, can make non-deductible contributions to a Traditional IRA and then convert those contributions to a Roth IRA.
This is easier if you haven't made any contributions to a Traditional IRA in the past, because the IRS has specific rules regarding the taxation of IRA to Roth IRA conversions.
Either way, if your current income exceeds the Roth IRA AGI limits, then consult financial advisor who can guide you through the process of making non-deductible Traditional IRA contributions which can then be converted to a Roth IRA.
Read 5 Reasons Why I Love My Roth IRA, our part in the Good Financial Cents Roth IRA Movement!
Our family fully funds our Roth IRA with this website. Learn how you can do it too.
Are you confused or frustrated by the stock market? Learn how to build real wealth selecting individual stocks for your Roth IRA...
Read more about what's new on the Roth IRA blog.
Hi, I'm Britt, and this is my wife, Jen. Welcome to our Roth IRA information website!
This is our humble attempt to turn a passion for personal finance into the Web's #1 resource for Roth IRA information. But, believe it or not, this site is more than just a hobby. It's a real business that provides a stable and steady stream of income for our family. In fact, because of this site, Jen is able to be a full-time stay-at-home mom and spend more time with our daughter, Samantha.
But you want to know the best part? ...You can do the same thing! Anyone with a hobby or a passion (even with no previous experience building a website) can create a profitable site that generates extra income.
If you're tired of solely depending on your job(s) for family income, click here now and learn why our income is increasing despite the financial crisis and how we're making our dreams come true.
Search This Site
Roth IRA Basics
More About Roth IRAs
Roth IRA Resources
About Your Roth IRA
Like Us On Facebook
Follow Us On Twitter
[?] Subscribe To
The information contained in Your Roth IRA is for general information purposes only and does not constitute professional financial advice. Please contact an independent financial professional when seeking advice regarding your specific financial situation.
Our family started this site as a labor of love in February 2009, a few months after our daughter was born.
Thank you for helping it become one of the most visited Roth IRA information sites.
We hope you find what you're looking for and wish you much continued success in your retirement planning!