For the **2025 tax year**, your total Roth IRA contribution limit is **$8,000**.
Here is the exact breakdown of how that limit is calculated and the income rules that apply to you as a single filer:
### 1. The Contribution Limit
Because you are 50 or older, you are eligible for a "catch-up" contribution.
* **Base Contribution Limit:** $7,000
* **Age 50+ Catch-up Contribution:** $1,000
* **Maximum Total:** **$8,000**
### 2. The Income Phase-Out Range (Single Filer)
Your ability to contribute directly to a Roth IRA depends on your **Modified Adjusted Gross Income (MAGI)**. For 2025, the income phase-out range for a single filer is **$150,000 to $165,000**.
Here is how that affects your $8,000 contribution:
* **If your MAGI is under $150,000:** You can contribute the full $8,000.
* **If your MAGI is between $150,000 and $165,000:** Your contribution limit is reduced (phased out). You can only make a partial contribution.
* **If your MAGI is $165,000 or higher:** You cannot contribute directly to a Roth IRA.
### Two Important Rules to Keep in Mind:
* **The Earned Income Rule:** To contribute the full $8,000, you must have at least $8,000 in earned income (wages, salary, self-employment income) for the year. You cannot contribute more than you earn.
* **The Backdoor Roth Alternative:** If your MAGI exceeds $165,000 and you are locked out of direct Roth IRA contributions, you can still utilize a legal strategy known as a **"Backdoor Roth IRA."** This involves making a non-deductible contribution of $8,000 to a Traditional IRA and immediately converting it to a Roth IRA. *(Note: This works best if you do not have other pre-tax Traditional IRA balances, due to the IRS "pro-rata" rule).*
*Disclaimer: I am an AI, not a CPA or financial advisor. It is always a good idea to consult with a tax professional regarding your specific financial situation.*