2007 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 $1,000
IRA deduction Phaseout for Active Participants
    Single
    Married filing jointly
    Married filing separately

$52,000 – $62,000
$83,000 – $103,000
$156,000 – $166,000
$0 – $10,000
IRA Deduction Phaseouts for Spousal contributions
    Married filing jointly

$156,000 – $166,000
Roth IRA Contribution Phaseout
    Single
    Married filing jointly

$99,000 – $114,000

Comments are closed.