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What are the contribution rules for a Roth IRA?
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What are the contribution rules for a Roth IRA?

1) Maximum contribution for 2020 is $6,000 ($7,000 if age 50 or older). 

2) Roth IRA eligibility is based on your modified adjusted gross income (MAGI), depending on tax-filing status. Partial contributions are allowed for certain income ranges. 

3) The contribution deadline is July 15, 2020 for the 2019 tax year.

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