Gemini on Question 49, Sep 14

For 2025, here is exactly what you need to know about your Roth IRA limits as a 50-year-old single filer:

1. The Contribution Limit: $8,000

Because you are 50 years old, you are eligible for the IRS "catch-up" contribution.

• •Base Contribution: $7,000
• •Age 50+ Catch-up: $1,000
• •Total Maximum Contribution: $8,000

2. The Income Phase-Out Range: $150,000 to $165,000

Your ability to contribute directly to a Roth IRA depends on your Modified Adjusted Gross Income (MAGI). For 2025, the IRS increased the income limits for single filers:

• •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 contribute a partial amount, which you must calculate based on a specific IRS formula.
• •If your MAGI is $165,000 or higher: You cannot contribute directly to a Roth IRA.

What if you make over $165,000?

If your income is above the phase-out limit, you can still get money into a Roth IRA using a legal strategy known as the Backdoor Roth IRA.

This involves making a non-deductible contribution of $8,000 to a Traditional IRA, and then immediately converting those funds into your Roth IRA. (Note: If you already have existing Traditional IRA balances, this strategy can trigger taxes due to the IRS "Pro-Rata Rule," so it is highly recommended to consult a CPA before doing this).