Eligibility
If you are single, and your modified adjusted gross income (MAGI) is below $120,000 per year, you can contribute up to $5,500 per year. If single with income above $135,000, you cannot contribute to a Roth IRA at all. If your income is between those two number, you can contribute a partial amount (less than $5,500).
If married, a combined income below $189,000 allows the full contribution, and a combined income above
Benefits