Contribution Limits
The Roth IRA contribution limits are similar
to traditional ira contribution limits. The Roth IRA
contribution limits are $4,000 for 2005, 2006, and 2007. The
Roth IRA contribution limits increase to $5,000 in 2008. There
are also Roth IRA catch up contribution limits.
What are the Roth IRA contribution
limits?
|
Roth IRA Contribution
Limits for 2006
|
|
Filing
Status
|
Modified AGI
|
Maximum Roth IRA Contribution
(No Deduction)
|
Catch Up (Age 50 or
Over)
|
|
Single *
|
Less than
$95,000
|
$4,000
|
$1,000
|
|
At least $95,000 but
less than $110,000
|
Proportionate reduction
of $4,000
|
Proportionate reduction
of $500
|
|
$110,000 or
more
|
Cannot contribute to
Roth IRAs
|
Cannot contribute to
Roth IRAs
|
|
Married Filing
Jointly
|
Less than
$150,000
|
$4,000
|
$1,000
|
|
At least $150,000 but
less than $160,000
|
Proportionate reduction
of $4,000
|
Proportionate reduction
of $500
|
|
$160,000 or
more
|
Cannot contribute to
Roth IRAs
|
Cannot contribute to
Roth IRAs
|
|
Married filing
Separately**
|
Less than
$10,000
|
Proportionate Reduction
of $4,000
|
$1,000
|
|
$10,000 or
More
|
Cannot contribute to
Roth IRAs
|
Cannot contribute to
Roth IRAs
|
*Includes Head of Household, Qualifying Widow(er) and
Married Filing Separately if taxpayer did not live with spouse
at any time during the year.
**And taxpayer lived with spouse at any time during the
year.
| 
