What is the ROTH IRA contribution limits when filing jointly for two ROTH IRA accounts (me and wife)?

[dujfri389]

we have two accounts.  Does the limit apply per account ($5500 per account) or per household (divide the limit ($5500) by 2 to contribute to each account)?

[PaulaM · Accepted solution]

The Roth IRA contribution limits apply to each account. For spouses, each may contribute $5,500 ($6,500 if 50 and over). Totals for a couple - $11,000 ($13,000 if 50 and over).

There are income limits and filing status that can reduce or eliminate your ability to make a Roth contribution. See IRS links below.

https://www.irs.gov/retirement-plans/amount-of-roth-ira-contributions-that-you-can-make-for-2017

https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that...