Roth IRA Contribution Limits for 2017 and 2018 | The Entrust Group

Roth IRA Contribution Deadlines

Tax-year 2018 deadline is April 15th, 2019
Tax-year 2019 deadline is April 15th, 2020

Roth IRA Conversion Deadlines

2018 Traditional IRA to Roth IRA conversion deadline is December 31st, 2018
2019 Traditional IRA to Roth IRA conversion deadline is December 31st, 2019

Roth IRA Contribution Limits

	2018	2019
Up to age 50	$5,500	$6,000
Catch-Up Contributions Age 50+	$1,000	$1,000
Total Contribution if Over the Age of 50	$6,500	$7,000

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Eligibility for Roth IRA

The account holder must have taxable earned income.
Unlike Traditional IRA requirements, a Roth IRA does not have any age limits for contributions.
There are income limits that determine eligibility. Check out the Roth IRA Contribution Limits MAGI Phase-Out Ranges in the table below.

Other Important Information

The account must be established before the tax deadline for the year that the contribution applies.
The IRA contribution limits do not apply to transfers or rollovers.

Conversion - Funding a Roth IRA Beyond Normal Limits

If contributing directly to a Roth IRA for the year is restricted because of your income, you can still fund a Roth by converting any portion of your Traditional IRA to a Roth IRA.

You will need to pay taxes on any money in your Traditional IRA that hasn’t already been taxed. Carefully calculate the tax implications of a Roth IRA conversion before you decide. Contact us for more information on this topic.

Roth IRA Contribution Limits MAGI Phase-Out Ranges

	2018	2019
Single Individuals	$120,000 - $135,000	$122,000 - $137,000
Married, Filing a Joint Tax Return	$189,000 - $199,000	$193,000 - $203,000
Married, Filing Separate Tax Returns	$0 - $10,000	$0 - $10,000