What are the income cap limits for investing in cryptocurrencies with a Roth IRA?

3 answers

• Akoram MAug 29, 2023 · 2 years ago
  Sure! The income cap limits for investing in cryptocurrencies with a Roth IRA are determined by the IRS. For individuals filing as single or head of household, the income limit for 2021 is $140,000. For married couples filing jointly, the income limit is $208,000. It's important to note that these limits are subject to change, so it's always a good idea to consult with a financial advisor or tax professional for the most up-to-date information.
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• HikacchiMar 03, 2022 · 4 years ago
  The income cap limits for investing in cryptocurrencies with a Roth IRA are set by the IRS. As of 2021, individuals with a modified adjusted gross income (MAGI) of $140,000 or less (or $208,000 or less for married couples filing jointly) are eligible to invest in cryptocurrencies with a Roth IRA. It's worth noting that these limits are subject to change, so it's important to stay informed about any updates from the IRS.
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• Sabrina CookDec 17, 2020 · 5 years ago
  Ah, the income cap limits for investing in cryptocurrencies with a Roth IRA. It's always a hot topic! As of 2021, the IRS has set the income limits at $140,000 for individuals filing as single or head of household, and $208,000 for married couples filing jointly. These limits are based on modified adjusted gross income (MAGI). Keep in mind that these limits can change from year to year, so it's a good idea to stay updated on the latest guidelines from the IRS.
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