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Retirement tax questions
For 2021 the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than:
- $6,000 ($7,000 if you're age 50 or older), or
- If less, your taxable compensation for the year
Also, your Roth IRA contribution may be limited based on your filing status and income. Please see 2021 - Amount of Roth IRA Contributions You Can Make for 2021.
Please see Worksheet 2-1. Modified Adjusted Gross Income for Roth IRA Purposes for additional information.
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‎April 9, 2022
4:18 AM