YearUnder age 50Age 50+
2019$6,000$7,000

 

If your filing status is…And your modified AGI is…Then you can contribute…
married filing jointly or qualifying widow(er)

< $193,000

up to the limit

> $193,000 but < $203,000

a reduced amount

> $203,000

zero

married filing separately and you lived with your spouse at any time during the year

< $10,000

a reduced amount

> $10,000

zero

singlehead of household, or married filing separately and you did not live with your spouse at any time during the year

< $122,000

up to the limit

> $122,000 but < $137,000

a reduced amount

> $137,000

zero

 

YearStatusMaximum Contribution
2019W-2 IncomeUp to 25% of compensation, but no more than $56,000.
2019Self EmployedGenerally up to 20%, but no more than $56,000.

 

Marginal Tax Rate

Single

Married Filing Jointly or Qualifying Widow(er)

Married Filing Separately

10%$0 – $9,700$0 – $19,400$0 – $9,700
12%$9,701 – $39,475$19,401 – $78,950$9,701 – $39,475

 

YearExempt from TaxEstate-Tax Rate
2019$11,400,000 per person with portabilityTop rate of 40%

 

 

YearExempt from TaxGST Tax Rate
2019$11,400,000 per person (no portability)40%