Gemini on Question 49, Oct 1

For the 2025 tax year, here are the exact rules for your Roth IRA based on your age and filing status:

1. Your Contribution Limit (Age 50)
Because you are 50 years old, you are eligible for the IRS "catch-up" contribution.

• •Your total contribution limit is $8,000.
• •(This breaks down as the $7,000 base limit + the $1,000 catch-up contribution for being 50 or older).

2. 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 Single filers is $150,000 to $165,000.

Here is how that affects your $8,000 contribution:

• •Under $150,000: You can contribute the full $8,000.
• •Between $150,000 and $165,000: Your contribution limit is reduced (phased out). You can contribute a partial amount based on an IRS formula.
• •$165,000 or more: You cannot contribute directly to a Roth IRA.

A Quick Tip if You Are Over the Income Limit:
If your MAGI is above $165,000, you can still get money into a Roth IRA using a completely legal strategy called the Backdoor Roth IRA. This involves making a non-deductible contribution to a Traditional IRA (which has no income limits for contributions) and immediately converting it to a Roth IRA.

Disclaimer: I am an AI, not a CPA or financial advisor. You should always verify these numbers with a tax professional and calculate your exact MAGI before contributing if you are near the phase-out limits.