Roth IRAs: Eligibility RequirementsOriginally Posted by Alechko
Who Can Establish a Roth IRA?
Any individual who has taxable compensation or self-employment income (earned by sole proprietors and partners) for the year may establish and fund a Roth IRA. To be eligible to make a participant contribution, the individual must have a modified adjusted gross income (MAGI) that is less than a certain amount, depending on the tax-filing status of the individual. Here are the MAGI limits:
- $160,000 for individuals who are married and file a joint tax return.
- $10,000 for individuals who are married, lived with their spouse at anytime during the year, and file a separate tax return.
- $110,000 for individuals who file as single, head of household, or married filing separately and did not live with his or her spouse at any time during the year.



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