Use this worksheet to calculate your 2019 Roth IRA contribution limit.
How Your Roth IRA Contribution Limit is Calculated
The primary factors for determining your contribution limit are your filing status and modified adjusted gross income (modified AGI). Based on these two factors, you may either be eligible for the max, a reduced amount, or not eligible at all.
|2019 and 2020 Roth IRA Income Limits|
|Filing Status||2019 Modified AGI||2020 Modified AGI||Contribution Limit|
|Married filing jointly or qualifying widow(er)||Less than $193,000||Less than $196,000||$6,000 ($7,000 if you're age 50 or older)|
|$193,000 to $202,999||$196,000 to $203,999||Reduced|
|$203,000 or more||$206,000 or more||Not eligible|
|Single, head of household, or married filing separately (and you didn't live with your spouse at any time during the year)||Less than $122,000||$124,000||$6,000 ($7,000 if you're age 50 or older)|
|$122,000 to $136,999||$124,000 to $138,000||Reduced|
|$137,000 or more||$139,000 or more||Not eligible|
|Married filing separately (if you lived with your spouse at any time during the year)||Less than $10,000||Less than $10,000||Reduced|
|$10,000 or more||$10,000 or more||Not eligible|
Example of How a Reduced Limit is Calculated
Below is an example of how the reduced limit is calculated for someone who is filing as single, head of household, or married and filing separately (and you didn't live with your spouse at any time during the year). This calculation is automatically performed in the worksheet linked above for your 2019 limit.
- Start with your modified 2019 AGI.
- Subtract $122,000 (based on tax filing status).
- Divide the result by $15,000.
- Multiply by your maximum contribution limit.
- Subtract the result of #4 from the maximum contribution limit.
- 2019 AIG: $125,000
- $125,000 - $122,000 = $3,000
- $3000 / $15,000 = 0.2
- 0.2 * $6,000 = $1,200
- $6,000 - $1,200 = $4,800
Using the example information above, the calculated reduced limit would be $4,800.