Roth IRA Income Phaseout Restrictions
Published in Rules
Did you know that not everyone can contribute to a Roth IRA? Yep, that’s right, not only do you need to earn income, you can’t earn too much! For a single filer, if your adjusted gross income is between $95,000 and $110,000 then you can’t contribute the full $4000, your maximum contribution is some amount less than that.
Contribution Limits
| Filing Status | Floor | Ceiling |
| Single | $95,000 | $110,000 |
| Married Filing Jointly | $150,000 | $160,000 |
| Married Filing Separately, Living Apart | $95,000 | $110,000 |
| Married Filing Separately, Other | $0 | $10,000 |
How much you can contribute is linearly related to that phaseout range. For example, if you are Married Filing Jointly and earn $155,000, you are permitted 50% of the Roth IRA contribution, or $2,000 annually.
There are two special rules. The first is that the increments are in units of $10, rounding up at all times. A limit of $1201 means you can contribute up to $1210 each year. The second rule is that the minimum contribution, above $0, is $200. So if you calculate that you can only contribute $100 each year, you actually can raise that to $200.