If you’re married and filing jointly, you may be wondering about the Roth IRA income limits that apply to you. A Roth IRA is a retirement account that allows you to save money for retirement while potentially enjoying tax-free withdrawals in the future. However, there are income limits that dictate who can contribute to a Roth IRA and how much they can contribute.

For married couples filing jointly, the Roth IRA income limits for 2021 are as follows:

– If your modified adjusted gross income (MAGI) is less than $198,000, you can contribute the full amount to a Roth IRA.
– If your MAGI is between $198,000 and $208,000, you can make a reduced contribution to a Roth IRA.
– If your MAGI is $208,000 or more, you are not eligible to contribute to a Roth IRA.

It’s important to note that these income limits can change from year to year, so it’s important to stay informed about the current limits. Additionally, if you exceed the income limits for contributing to a Roth IRA, you may still be able to contribute to a traditional IRA or a backdoor Roth IRA.

Overall, understanding the Roth IRA income limits for married couples filing jointly is crucial for planning your retirement savings strategy. By staying within the limits or exploring alternative options, you can make the most of your retirement savings and potentially enjoy tax-free withdrawals in the future.

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