2022 Roth IRA Contribution & Income Limits

2022 Roth IRA Contribution & Income Limits

Roth IRA + Traditional IRA Contribution Limits 2022

IRA + Catchup Contribution20212022
Roth IRA$6,000$6,000
Roth IRA Age 50+$7,000$7,000
Traditional IRA$6,000$6,000
Traditional IRA Age 50+$7,000$7,000

Roth IRA Income Limits

Filing Status2021 Roth IRA Income Range2022 Roth IRA Income Range
Single$125,000-$140,000$129,000-$144,000
Married Filing Jointly$196,000-$208,000$204,000-$214,000
Married Filing Separately$0-$10,000$0-$10,000

Traditional IRA Income Limits

Filing & Workplace Status2021 IRA Income Limit2022 IRA Income Limit
Single, Covered by Workplace Plan$66,000-$76,000$68,000-$78,000
MFJ, You are covered by a workplace plan$105,000-$125,000$109,000-$129,000
MFJ, You DO NOT have a workplace plan BUT spouse does$198,000-$208,000$204,000-$214,000

2022 Federal Income Tax Brackets

Tax BracketSingleMarried Filing JointlyHead of Household
10%$0 to $10,275$0 to $20,550$0 to $14,650
12%$10,275 to $41,775$20,550 to $83,550$14,650 to $55,900
22%$41,775 to $89,075$83,550 to $178,150$55,900 to $89,050
24%$89,075 to $170,050$178,150 to $340,100$89,050 to $170,050
32%$170,050 to $215,950$340,100 to $431,900$170,050 to $215,950
35%$215,950 to $539,900$431,900 to $647,850$215,950 to $539,900
37%$539,900 or more$647,850 or more$539,900 or more

Standard Deduction

Filing StatusDeduction Amount
Single$12,950
MFJ$25,900
Head of Household$19,400