Important information on Roth IRA-Contribution Limits

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
Married filing Separately**	$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.

Roth IRAs is a free resource website offering important facts and information on Roth IRA retirement plans. For your specific Roth IRA questions, please consult your tax attorney.

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