A Roth IRA is a great option for those looking to save after-tax dollars, achieve tax-free growth and relaxed tax rules on taking distributions before retirement. Unfortunately, eligibility to contribute to a Roth IRA is subject to restrictions, which can cause confusion. 

To help make the analysis easier, we have created the ”Can I Contribute to My Roth IRA” flowchart. It addresses the key eligibility considerations, including:

  • Earned income
  • Other (traditional) IRA contributions
  • Filing status-based MAGI thresholds

Flowchart: Can I Contribute To My Roth IRA - 2020

Flowchart: Can I Contribute To My Roth IRA - 2021

See Also:

Can I Make A Backdoor Roth IRA Contribution?

Should I Contribute To My Roth IRA vs. My Traditional IRA?

Important Numbers & Limits This Year