Are there any restrictions on single individuals' income when it comes to investing in digital assets through a Roth IRA?

1 answers

• jjsquaredJan 03, 2021 · 5 years ago
  Ah, the income restrictions for single individuals investing in digital assets through a Roth IRA. It's a topic that often raises eyebrows. Well, here's the deal. If you're a single individual, the IRS has set a maximum income limit for eligibility. In 2021, that limit is $140,000. If your income exceeds this limit, you won't be able to contribute to a Roth IRA. However, if your income falls within the limit, you can contribute up to $6,000 (or $7,000 if you're 50 or older) per year. Just make sure to keep an eye on the latest guidelines, as these limits can change from year to year.
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