BACKNEXT

Who can contribute to a Roth IRA?

Roth IRA contributions are limited by income level. In general, you can contribute to a Roth IRA if you have taxable income and your modified adjusted gross income is either:

  • less than $167,000 if you are married filing jointly
  • less than $105,000 if you are single, head of household, or married filing separately (if you did not live with your spouse at any time during the previous year)
  • less than $10,000 if you're married filing separately and you lived with your spouse at any time during the previous year.

For more on whether you should contribute to a Roth or a traditional IRA see Which is better for me, a Roth or traditional IRA?

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.