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%