Table Page
| Year | Under age 50 | Age 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 | |
| single, head 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 |
| Year | Status | Maximum Contribution |
|---|---|---|
| 2019 | W-2 Income | Up to 25% of compensation, but no more than $56,000. |
| 2019 | Self Employed | Generally 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 |
| Year | Exempt from Tax | Estate-Tax Rate |
|---|---|---|
| 2019 | $11,400,000 per person with portability | Top rate of 40%
|
| Year | Exempt from Tax | GST Tax Rate |
|---|---|---|
| 2019 | $11,400,000 per person (no portability) | 40% |