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
|
|
$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 tax payer lived with spouse at any
time during the year.
| 
