2005 Annual Limits Relating to Financial Planning – Traditional and Roth IRAs

Traditional and Roth IRA Contribution Limit $4,000
Traditional and Roth IRA Catch-Up Contribution $500
IRA deduction Phaseout for Active Participants
    Single
    Married filing jointly
$50,000 – $60,000
$70,000 – $80,000
IRA Deduction Phaseouts for Spousal contributions
    Married filing jointly
$150,000 – $160,000
Roth IRA Contribution Phaseout
    Single
    Married filing jointly
    Married filing separately
$95,000 – $110,000
$150,000 – $160,000
$0 – $10,000
Roth IRA Conversion Phaseout
    Single
    Married filing jointly
    Married filing separately
$100,000
$100,000
ineligible

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