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Roth Contribution Limit

 

If contributions on your behalf are made only to Roth IRAs, your contribution limit for 2008 will generally be the lesser of:

  • $5,000, or
  • Your taxable compensation for the year.

If you were age 50 or older before 2009 and contributions on your behalf were made only to Roth IRAs, your contribution limit for 2008 will generally be the lesser of:

  • $6,000, or
  • Your taxable compensation for the year.
However, if your modified adjusted gross income (AGI) is above a certain amount, your contribution limit may be reduced.

 

--25-JAN-2008
 


Page Last Reviewed or Updated: January 26, 2008