|
| |
|
IRA Contribution Limits (Roth and Traditional IRAs) |
|
Year
|
Contribution Limit
|
Catch-Up Contribution
|
|
2012 |
$5,000 |
$1,000 |
| 2013 and beyond |
Indexed to Inflation |
Indexed to Inflation |
|
Traditional IRA Phase-OutRange and Limits |
|
Year
|
Single
|
Married, Filing Jointly
|
|
2012 |
$58,000 - $68,000 |
$92,000 - $112,000 |
| 2013 and beyond |
Indexed to Inflation |
Indexed to Inflation |
* Participants of employer-sponsored retirement plans are subject to additional phase-outs.
Please refer to a qualified professional or the IRS for specific information. |
|
Roth IRA Phase-Out Range and Limits |
|
Year
|
Single
|
Married, Filing Jointly
|
|
2012 |
$110,000 - $125,000 |
$173,000 - $183,000 |
| 2013 and beyond |
Indexed to Inflation |
Indexed to Inflation |
| * You can contribute to a Roth IRA if your income falls below the Roth limits. You're allowed a prorated contribution if you income falls within the phase-out range. If your income exceeds the income range, you do not qualify for a Roth IRA contribution. |
|
|
February 22, 2012
|
|
|
February 22, 2012
|
