IRA Contribution Limits
For 2021 and 2022, the maximum contribution to all your Roth and Traditional IRAs for individuals under 50 years old is $6,000. For individuals 50 and over, the maximum contribution is $7,000.
Certain individuals may not be eligible to contribute directly to a Roth IRA due to their filing status or earned income. For questions about IRS income limits and your Roth contribution eligibility, please consult a qualified tax professional.
M1 does not provide tax advice. You can consult your tax advisor regarding your personal circumstances before taking any action that may have tax consequences.
If you have further questions, please contact us.