What are the Roth AGI limits for 2023 in the context of cryptocurrency?

3 answers

• Hayden YatesJul 27, 2020 · 6 years ago
  The adjusted gross income (AGI) limits for Roth contributions in 2023 are as follows: For single filers, the phase-out range starts at $125,000 and ends at $140,000. For married couples filing jointly, the phase-out range starts at $198,000 and ends at $208,000. It's important to note that these limits apply to all sources of income, including cryptocurrency. If your AGI exceeds the upper limit of the phase-out range, you won't be eligible to make a full Roth contribution. However, you may still be able to make a partial contribution depending on your income level.
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• mengen zhangDec 25, 2023 · 2 years ago
  Hey there! So, the AGI limits for Roth contributions in 2023, when it comes to cryptocurrency, are pretty straightforward. If you're filing as a single individual, you can contribute to a Roth IRA as long as your AGI is below $125,000. But if your AGI is between $125,000 and $140,000, your contribution limit will be reduced. And if your AGI exceeds $140,000, you won't be able to contribute to a Roth IRA at all. For married couples filing jointly, the AGI limit is $198,000 for full contributions, with a phase-out range up to $208,000. Keep in mind that these limits apply to all sources of income, including cryptocurrency gains.
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• Athanasios DolmatzisMay 13, 2021 · 5 years ago
  According to the current rules, the AGI limits for Roth contributions in 2023 are $125,000 to $140,000 for single filers, and $198,000 to $208,000 for married couples filing jointly. These limits take into account all sources of income, including cryptocurrency. If your AGI falls within the phase-out range, your contribution limit will be reduced. If your AGI exceeds the upper limit, you won't be eligible to contribute to a Roth IRA. However, it's worth noting that these limits are subject to change, so it's always a good idea to consult with a tax professional or financial advisor for the most up-to-date information.
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