# How to calculate roth ira contribution limit

How to Determine Your Reduced Roth IRA Contribution Limit Step 1. Determine your modified adjusted gross income (MAGI) for Roth purposes by using Worksheet in IRS .

**How to turn your $6,000 Roth IRA contribution into $2,437,260**

The total annual contribution limit for the Roth IRA is currently $6,, with an additional catch-up contribution of up to $1, allowed for people 50 or. Contributions are made with after-tax dollars. You can contribute to a Roth IRA if your Adjusted Gross Income is: Less than $, (single filer) Less than $, (joint filer) Less .

How much can I contribute to an IRA? · In , you can contribute up to a maximum of $6, (Traditional IRA) or $6, (Roth IRA) · IRA Income Limits · Am I. Multiply the maximum contribution limit (before reduction by this adjustment and before reduction for any contributions to traditional IRAs) by the result in (3). Subtract the result in .

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