Important information on Roth IRA-Roth IRA 2006 Contribution Limits

The Roth IRA 2006 Contribution limits are very similar to Roth IRA contribution limits for 2005. The Roth IRA 2006 contribution limits are used when reporting Roth IRA contributions for tax returns in 2007. The Roth IRA 2006 contribution limits are shown in the table below.

Roth IRA 2006 Contribution Limits
Filing Status	Modified AGI	Maximum 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.