Learn how to identify excess IRA contributions and the steps to fix them, avoid penalties, and manage your retirement savings ...

Roth IRA contributions depend on your annual modified adjusted gross income and filing status. Review the limits below to see if you're eligible to contribute. Many, or all, of the products featured ...

Modified adjusted gross income, or MAGI, might sound like just more tax jargon, but knowing how to calculate your MAGI is key to determining your eligibility for several valuable tax benefits, ...

A long list of other tax breaks, including the child tax credit, the American Opportunity Credit and the adoption credit, are tied to your modified adjusted gross income (MAGI). Your MAGI also ...

Traditional pretax contributions to an IRA or a company retirement plan are exclusions from your income that you have to pay back when you take the money out. The only money that can get into a Roth ...

The IRS just released the 2025 contribution and income limits for retirement accounts, including Roth IRAs. While it might be a bummer that Roth IRA contribution limits aren't increasing, the good ...

The IRS has unveiled the Roth individual retirement account contribution and income limits for 2025. For 2025, the total contribution limit to Roth IRAs remains $7,000, unchanged from 2024, according ...

Financial planners recommend saving around 75% of your pre-retirement income for retirement. Using the 4% rule, you can calculate how much you need to save in total.

The IRS permits you to make 2024 IRA contributions up until the tax-filing deadline. Check with your IRA provider to ensure it applies your contribution to the correct tax year. Prior-year ...

The contribution limits for individual retirement accounts (IRAs) didn't change in 2025. The modified adjusted gross income thresholds concerning the deductible portion of traditional IRA ...

For 2025, the annual Roth IRA contribution limit is $7,000, and if you're age 50 or older, you can contribute an additional $1,000 catch-up contribution.