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2012 Roth IRA Income Limits

To contribute to a Roth IRA you must meet the IRS' income qualifications. If your income exceeds certain amounts you will not be allowed to contribute to a Roth IRA.

Income limits for Roth IRAs can change on an annual basis if the Internal Revenue Service deems necessary. The changes are usually gradual, but have jumped $12,000 for single filers and $18,000 for married filers since 2005.

Roth IRA Income Limits for 2012

For 2012 the income limits for Roth IRAs are as follows:

Single Filers

For single filers you are allowed a full contribution up to the 2012 contribution limit if your income falls below $111,000.

After $110,000 your ability to contribute is reduced through IRS guidelines until your income hits $125,000. After $125,000 you will not be allowed to contribute to a Roth IRA for the 2012 tax year.

Married Filers with Joint Tax Returns

For married filers that file a joint tax return with their spouse you are allowed a full contribution up to the 2012 contribution limit if your income falls below $173,000.

After $173,000 your ability to contribute is reduced through IRS guidelines until your income hits $183,000. After $183,000 you will not be allowed to contribute to a Roth IRA for the 2012 tax year.

Married Filers with Separate Tax Returns

Married filers with separate tax returns are severely limited in regards to Roth IRA contributions. These filers may only contribute a partial contribution if their income is less than $10,000. Click here for current contribution limits.

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