Roth IRA
What is Roth IRA?
A U.S. retirement account funded with after-tax money, with tax-free qualified withdrawals.
Understanding Roth IRA
Contributions to a Roth IRA are not tax-deductible, but investments grow tax-free, and qualified withdrawals in retirement are tax-free too.
Income limits apply to direct contributions, and Roth IRAs have no required minimum distributions during the original owner's lifetime.
In 2026
You can contribute up to $7,500 in 2026, or $8,600 if you are 50 or older, across all your IRAs combined.
Direct Roth contributions phase out at higher incomes. For 2026, the phase-out range of modified AGI is $153,000 to $168,000 for single filers and heads of household, and $242,000 to $252,000 for married couples filing jointly. For married people filing separately, it stays at $0 to $10,000 and is not adjusted for inflation.
Sources
FAQ
Can I withdraw Roth contributions early?
Generally yes: contributions (not earnings) can be withdrawn at any time without tax or penalty.