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TagsWhat are the income limits for investing in cryptocurrency in a Roth IRA in 2023?
Bloom MossNov 26, 2021 · 3 years ago1 answersI would like to know the income limits for investing in cryptocurrency within a Roth IRA in the year 2023. Can anyone provide me with the specific income thresholds that determine eligibility for investing in cryptocurrency through a Roth IRA?
1 answers
- When it comes to investing in cryptocurrency within a Roth IRA in 2023, the income limits play a crucial role. For single individuals, the maximum contribution amount is available for those with a modified adjusted gross income (MAGI) below $140,000, with a gradual phase-out between $140,000 and $155,000. Married couples filing jointly can contribute the maximum amount if their MAGI is below $208,000, with a phase-out between $208,000 and $218,000. These income limits are subject to change, so it's essential to stay informed and consult with a financial advisor to ensure compliance with the latest regulations.Nov 26, 2021 · 3 years ago
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