In my last blog post, I reviewed the new contribution limits for retirement plans for 2025. Today, I wanted to go over the new income limits for contributing to an IRA and Roth IRA for next year. Let’s take a look:
If you work with a tax person, they should recommend contributing to either an IRA or Roth IRA if your modified adjusted gross income falls within the limits shown above. If you do your own taxes and want to double check if you can contribute, just shoot me an email.
Please comment or send an email if you have any questions.
Joe Baker, CFP®
Baker Asset Management, LLC
joebaker@bakerassemanagement.com
