What are the Roth AGI limits for cryptocurrency investors?
Emerald15Dec 25, 2021 · 3 years ago3 answers
Can you provide more information on the Adjusted Gross Income (AGI) limits for cryptocurrency investors who want to contribute to a Roth IRA?
3 answers
- Dec 25, 2021 · 3 years agoSure! The AGI limits for cryptocurrency investors who want to contribute to a Roth IRA are the same as for regular Roth IRA contributions. For single filers, the AGI limit is $140,000 in 2021, and for married couples filing jointly, the limit is $208,000. If your AGI exceeds these limits, you may not be eligible to contribute to a Roth IRA. However, keep in mind that these limits can change from year to year, so it's always a good idea to check the latest IRS guidelines.
- Dec 25, 2021 · 3 years agoThe AGI limits for cryptocurrency investors who want to contribute to a Roth IRA are determined by the IRS. These limits are based on your filing status and can change each year. For 2021, the AGI limit is $140,000 for single filers and $208,000 for married couples filing jointly. If your AGI exceeds these limits, you may not be able to contribute to a Roth IRA. It's important to consult with a tax professional or refer to the latest IRS guidelines to determine your eligibility.
- Dec 25, 2021 · 3 years agoAs an expert in the field, I can confirm that the AGI limits for cryptocurrency investors who want to contribute to a Roth IRA are the same as for regular Roth IRA contributions. The limits for 2021 are $140,000 for single filers and $208,000 for married couples filing jointly. If your AGI exceeds these limits, you may not be eligible to contribute to a Roth IRA. It's always a good idea to consult with a tax professional or refer to the latest IRS guidelines to ensure compliance.
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