Are there any changes to the Roth contribution limits for 2022 that impact cryptocurrency investors?

1 answers

• Miriam FisherMay 24, 2021 · 4 years ago
  Yes, there have been changes to the Roth contribution limits for 2022 that can impact cryptocurrency investors. The maximum contribution limit for individuals under 50 years old remains at $6,000, while individuals aged 50 and above can contribute an additional $1,000 as a catch-up contribution. However, it's important to note that these limits are subject to income restrictions. For single filers, the phase-out range starts at $125,000 and completely phases out at $140,000. For married couples filing jointly, the phase-out range starts at $198,000 and completely phases out at $208,000. It's crucial for cryptocurrency investors to stay updated on these changes and consult with a financial advisor to ensure compliance and maximize their Roth IRA contributions.
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