How Much Is The Maximum Roth IRA Contribution?

  1. 3998 POINTS
    Matt Benore
    Founder, DenverWest Insurance Professionals, Inc.,
    The maximum Roth IRA Contributions are as follows:
    (under age 50) $5,500
    (over age 50) $6,500

    IF you are single, and make $114k the contribution will begin to phase out up to an income of $129,000 which you cannot contribute anymore.

    IF you are married, filing jointly, the phase out begins at $96,000 through $116,000 which you cannot contribute more.
    Answered on June 17, 2014
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