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TagsWhat are the eligibility requirements for investing in digital currencies through a Roth IRA in 2023?
Dominik DobrovodskyMar 22, 2022 · 3 years ago1 answersCan you provide a detailed explanation of the eligibility requirements for investing in digital currencies through a Roth IRA in 2023? I would like to know what criteria individuals need to meet in order to invest in digital currencies using a Roth IRA.
1 answers
- To invest in digital currencies through a Roth IRA in 2023, you must fulfill specific eligibility requirements. These include having earned income from a job or self-employment and maintaining a modified adjusted gross income (MAGI) below the IRS thresholds. The MAGI limit for single filers is $140,000, while for married couples filing jointly, it is $208,000. Additionally, you must be younger than 70½ and possess a valid Social Security number. Remember to consult with a financial advisor or tax expert to ensure you meet the necessary criteria.Mar 22, 2022 · 3 years ago
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