What are the 2022 limits for contributing to a Roth IRA with cryptocurrency income?

3 answers

• ClarkJOlieAug 26, 2021 · 4 years ago
  Sure! In 2022, the contribution limits for a Roth IRA are $6,000 for individuals under the age of 50 and $7,000 for individuals aged 50 and above. These limits apply to all sources of income, including cryptocurrency. It's important to note that these limits are subject to change, so it's always a good idea to stay updated with the latest information from the IRS.
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• Fabricius McCrackenAug 21, 2023 · 2 years ago
  Contributing to a Roth IRA with cryptocurrency income is a great way to save for retirement. As of 2022, the contribution limits are $6,000 for individuals under 50 and $7,000 for individuals 50 and older. These limits apply to all sources of income, including cryptocurrency. It's important to keep track of your contributions to ensure you don't exceed the limits and incur any penalties.
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• SarFarJun 04, 2021 · 4 years ago
  According to the IRS, the contribution limits for a Roth IRA in 2022 are $6,000 for individuals under 50 and $7,000 for individuals 50 and older. These limits apply to all types of income, including cryptocurrency. It's important to note that these limits are per individual, so if you're married, both you and your spouse can contribute up to the maximum limit. Additionally, it's worth mentioning that these limits are subject to change, so it's always a good idea to consult with a financial advisor or check the IRS website for the most up-to-date information.
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