Category
About Us
Fees
Account
Promotion
Deposit & Withdrawal
Stock Transfer
Crypto
Trading
Markets
Product Navigation
Options Trading
Tax Season
IPO
IRA
  • IRA Opening
  • IRA Transfer
  • Trading in IRA
  • IRA Contribution
  • IRA Distribution
  • Glossary
  • Others
What are the contribution rules for a Roth IRA?

1) Maximum contribution for 2021 is $6,000 ($7,000 if age 50 or older in that tax year). 

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. (Please consult with your tax professional)

3) The contribution deadline is typically April 15th (Tax Day)* of the year in which you have to file last years taxes.

*If the IRS has extended tax filing for your state, you may be entitled to contributing to your IRA until that extended deadline. 

Problem Solved?
Yes
No