Year 2015 Table for qualifying for Roth IRA Contributions

This table shows whether your contribution to a Roth IRA is affected by the amount of your  modified AGI as computed for Roth IRA purpose.

If your filing status is…And your modified AGI is…Then you can contribute…
married filing jointly or qualifying widow(er)

 < $183,000

 up to the limit

 > $183,000 but < $193,000

 a reduced amount

 >  $193,000

 zero
married filing separately and you lived with your spouse at any time during the year

 < $10,000

 a reduced amount

 > $10,000

 zero
single, head of household, or married filing separately and you did not live with your spouse at any time during the year

 < $116,000

 up to the limit

 > $116,000 but < $131,000

 a reduced amount

 > $131,000

 zero

 

For 2015, your total contributions to all of your traditional and Roth IRAs cannot be more than:

  • $5,500 ($6,500 if you are age 50 or older), or
  • your taxable compensation for the year, if your compensation was less than this dollar limit.

The IRA contribution limit does not apply to Rollover contributions.

Additional resources

About Mark Nolan

Each day I speak with energetic entrepreneurs looking to take the plunge into a new venture and small business owners eager to take control of their retirement savings. I am passionate about helping others find their financial independence. Having worked for over 20 years with some of the top retirement account custodian and insurance companies I have a deep and extensive knowledge of the complexities of self-directed 401ks and IRAs as well as retirement plan regulations. Learn more about Mark Nolan and My Solo 401k Financial >>

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