topic How do I know if I qualify to make a Roth IRA contribution? in Retirement tax questions

How do I know if I qualify to make a Roth IRA contribution?

stephaniecrawfor — Tue, 04 Jun 2019 00:24:19 GMT

The ability to contribute to a Roth IRA phases out based...

Rachel_W — Tue, 04 Jun 2019 00:24:21 GMT

The ability to contribute to a Roth IRA phases out based on your Modified Adjusted Gross Income (MAGI) and filing status:

Married Filing Joint & Qualified Widow: $189,000 - $199,000

Single & Head of Household: $120,000 - $135,000

Married Filing Separate $0 - $10,000 (Note: Married individuals living apart all year are treated as Single)

If you don't exceed the income limit for your filing status, you can contribute the lesser of your earned income or $5,500 ($6,500 if age 50 or over).

Please comment below if you need further clarification.

The information I find in the Internet (rothira.com, nerd...

cberisso — Tue, 04 Jun 2019 00:24:22 GMT

The information I find in the Internet (rothira.com, nerdwallet.com, etc) for 2018 is different from these values. For example, single $135,000, Married jointly !199,000. So TurboTax is prompting wrong info to some users.