Roth IRA Eligibility


2011 Roth IRA Income Limits
Effect of Modified AGI on Roth IRA contributions in 2011:

A Roth IRA is a great vehicle to save for retirement, however, there are income limits that might affect your eligibility for a Roth IRA in 2011.

2011 Roth IRA income limits are:

IF you have taxable compensation and your filing status is.. AND your modified AGI is … Then
married filing jointly or qualifying widow(er) less than $169,000 you can contribute up to $5,000 ($6,000 if age 50 or older) for 2011
at least $169,000 but less than $179,000 the amount you can contribute is reduced
$179,000 or more you cannot contribute to a Roth IRA. You have exceeded the 2011 Roth IRA income limits
married filing separately and you lived with your spouse at any time during the year Zero you can contribute up to $5,000 ($6,000 if age 50 or older) for 2011
more than zero but less than $10,000 the amount you can contribute is reduced
$10,000 or more you cannot contribute to a Roth IRA. You have exceeded the 2011 Roth IRA income limits
single, head of household or married filing separately and you did not live with your spouse at any time during the year less than $107,000 you can contribute up to $5,000 ($6,000 if age 50 or older) for 2011
at least $107,000 but less than $122,000 the amount you can contribute is reduced
$122,000 or more you cannot contribute to a Roth IRA. You have exceeded the 2011 Roth IRA income limits

Source: IRS