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April 10, 2022
Question

ira contribution limits

  • April 10, 2022
  • 1 reply
  • 0 views

I thought ROTH IRA contribution limit is based on age ( below age 50 is $6000 and 50 and over $7000) , not by income

    1 reply

    Employee
    April 11, 2022

    Above a certain modified AGI threshold for your filing status, the Roth IRA contribution limits are reduced gradually to zero.