The 2012 Roth Ira income limits for a married person and who is filing the taxes jointly can make a contribution of US$5,000. In this case the modified adjusted gross income should not be more than US$1, 76,000. The individuals who are single can make a contribution of US$5,000 and the modified adjusted gross income should not be more than US$1, 20,000. The retirement savings contribution in the 2012 Roth Ira income limits is limited up to the earned yearly income. This means for e.g. if your income is US$4,000 per annum then the account holder can contribute up to US$4,000Â and not more than that. In case the account holder is older than 50 years then an additional amount of US1, 000 can be contributed to the Roth Ira account as per the contribution limit in 2012. In case the modified adjusted gross income is more than US$1, 76,000 then the person cannot contribute any amount to the Roth Ira accounts.
The 2012 Roth Ira income limits for the head of the household and those married and filing the taxes separately and also the account holder has not lived with the spouse during any time of the year. In such cases the contribution is US$6,000 if the person is over 50 years and the earnings are less than US$1, 05,000. It is US$5,000 if the person is under the age of 50 years and the earnings are less than US$1,05,000Â and in case the yearly earnings is US$1,20,000 then the contribution amount is nil.