What are the income limits for contributing to a Roth IRA in 2022 for married couples who are filing jointly?

3 answers

• HANGJun 22, 2024 · a year ago
  Yes, married couples who are filing jointly can contribute to a Roth IRA in 2022. The income limits for contributing to a Roth IRA for married couples who are filing jointly are based on their modified adjusted gross income (MAGI). For the tax year 2022, the income limit to make a full contribution to a Roth IRA is $208,000. If the couple's MAGI is between $198,000 and $208,000, they can make a reduced contribution. If their MAGI exceeds $208,000, they are not eligible to contribute to a Roth IRA.
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• Ganapathy VaradhanganapathySep 18, 2022 · 3 years ago
  Absolutely! If you and your spouse are filing jointly, you can contribute to a Roth IRA in 2022. However, there are income limits that you need to be aware of. For married couples filing jointly, the income limit to make a full contribution to a Roth IRA in 2022 is $208,000. If your combined income is between $198,000 and $208,000, you can make a reduced contribution. If your income exceeds $208,000, you won't be eligible to contribute to a Roth IRA. It's important to keep track of your income and consult with a financial advisor to ensure you're making the most of your retirement savings.
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• Ch RaviNov 26, 2024 · 8 months ago
  Yes, married couples who are filing jointly can contribute to a Roth IRA in 2022. The income limits for contributing to a Roth IRA for married couples who are filing jointly are determined by the IRS. For the tax year 2022, the income limit to make a full contribution to a Roth IRA is $208,000. If the couple's income is between $198,000 and $208,000, they can make a reduced contribution. If their income exceeds $208,000, they are not eligible to contribute to a Roth IRA. It's always a good idea to consult with a tax professional or financial advisor to understand the specific rules and limits that apply to your situation.
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