What is the contribution limit for Roth IRA in cryptocurrency?

3 answers

• Farukh KutlikovSep 17, 2024 · a year ago
  The contribution limit for Roth IRA in cryptocurrency is the same as the regular Roth IRA contribution limit. As of 2021, the maximum contribution limit for individuals under the age of 50 is $6,000 per year. If you are 50 years old or older, you can make an additional catch-up contribution of $1,000, bringing the total contribution limit to $7,000. It's important to note that this limit applies to the total contributions made to all of your Roth IRAs, including both traditional assets and cryptocurrency investments.
  522

  261
• Anuar AbdrakhmanovJul 10, 2022 · 3 years ago
  Hey there! When it comes to Roth IRA contributions in cryptocurrency, the contribution limit remains the same as traditional Roth IRA contributions. As of 2021, the maximum contribution limit is $6,000 per year for individuals under the age of 50, with an additional catch-up contribution of $1,000 for those who are 50 or older. Keep in mind that this limit applies to all your Roth IRA investments, including cryptocurrencies. So make sure to stay within the limit to enjoy the tax advantages of a Roth IRA!
  509

  170
• Kshitiz ChaturvediDec 20, 2022 · 3 years ago
  The contribution limit for Roth IRA in cryptocurrency is set by the IRS and is subject to the same rules and regulations as traditional Roth IRA contributions. As of 2021, the maximum contribution limit is $6,000 per year for individuals under the age of 50. If you are 50 or older, you can contribute an additional $1,000 as a catch-up contribution. It's important to note that this limit applies to all your Roth IRA investments, including cryptocurrency holdings. So be sure to stay within the limit to avoid any penalties or tax implications.
  546

  137