Roth IRA contribution limits 2016

If your Modified Adjusted Gross Income and filing status is:		Your maximum contribution can be:
Single filers	Married filing jointly	Under age 50	Age 50 and over
$114,000 & under	$181,000 & under	$5,500	$6,500
$115,500	$182,000	$4,950	$5,850
$117,000	$183,000	$4,400	$5,200
$118,500	$184,000	$3,850	$4,550
$120,000	$185,000	$3,300	$3,900
$121,500	$186,000	$2,750	$3,250
$123,000	$187,000	$2,200	$2,600
$124,500	$188,000	$1,650	$1,950
$126,000	$189,000	$1,100	$1,300
$127,500	$190,000	$550	$650
$129,000 & over	$191,000 & over	$0	$0

This chart shows Roth IRA contribution limits — the maximum amount you can contribute to a Roth IRA account. You can contribute up to the maximum shown or 100% of earned income (i.e., your taxable compensation), whichever is less.

Additional Considerations:
Spousal IRA — A nonworking spouse can make a Roth IRA contribution as long as the couple files a joint federal tax return, the working spouse has enough earned income to cover the contribution and their modified adjusted gross income is within the range listed above.

Married filing separately — If you are married, filing separately and your AGI is greater than $10,000, you may not be eligible to contribute to a Roth IRA account.

You may contribute simultaneously to a Traditional IRA and a Roth IRA (subject to eligibility) as long as the total contributed to all (Traditional and/or Roth) IRAs equals no more than the contribution limits listed above for the year of the contribution.

Please see IRS Publication 590 at www.irs.gov for further details regarding Roth IRA contribution guidelines. Neither Bank of America N.A. nor Merrill Lynch, Pierce, Fenner & Smith incorporated (MLPF&S) are tax or legal advisors. We suggest you consult your personal tax or legal advisor before making tax or legal related investment decisions.