What are the income limits for investing in digital currencies through a Roth IRA in 2023?

3 answers

• Davis BrandonNov 05, 2024 · 9 months ago
  To invest in digital currencies through a Roth IRA in 2023, there are income limits that you need to be aware of. For single filers, the maximum modified adjusted gross income (MAGI) allowed is $140,000. For married couples filing jointly, the limit is $208,000. If your income exceeds these limits, you may not be eligible to invest in digital currencies through a Roth IRA. It's important to consult with a financial advisor or tax professional to understand the specific rules and regulations regarding Roth IRA investments.
  527

  264
• Steve GarayDec 24, 2023 · 2 years ago
  Investing in digital currencies through a Roth IRA in 2023 is subject to income limits. The maximum MAGI for single filers is $140,000, while for married couples filing jointly, the limit is $208,000. If your income exceeds these thresholds, you may not be eligible for this investment option. It's always a good idea to consult with a financial advisor to determine the best investment strategy based on your individual circumstances.
  435

  145
• Elton CorrêaOct 17, 2020 · 5 years ago
  According to the latest regulations, the income limits for investing in digital currencies through a Roth IRA in 2023 are $140,000 for single filers and $208,000 for married couples filing jointly. These limits are based on modified adjusted gross income (MAGI). If your income exceeds these limits, you may not be able to invest in digital currencies through a Roth IRA. It's important to stay updated on the latest regulations and consult with a financial advisor to ensure compliance with the rules.
  502

  126