You'll need to sign in or create an account to connect with an expert.
Married filing jointly individuals can contribute up to $5,500 ($6,500 if over the age of 50) for the 2018 tax year as long as their modified adjusted gross income does not exceed the income limit.
The contributions for 2019 has increased to $6,000 ($7,000 if over the age of 50).
I have a provided a link that will assist you in determining the amount of contributions that can be made, and the formula that is used:
Married filing jointly individuals can contribute up to $5,500 ($6,500 if over the age of 50) for the 2018 tax year as long as their modified adjusted gross income does not exceed the income limit.
The contributions for 2019 has increased to $6,000 ($7,000 if over the age of 50).
I have a provided a link that will assist you in determining the amount of contributions that can be made, and the formula that is used:
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
MsSlowky
Level 1
neldaacarrasco
New Member
skibum11
Returning Member
mangumwa
New Member
rileykellyjean7776
New Member