Michael is single and 35 years old. He is a participant in his employers sponsored retirement plan.

Question:

Michael is single and 35 years old. He is a participant in his employer’s sponsored retirement plan. How much can Michael contribute to a Roth IRA in 2019 in each of the following alternative situations?

a. Michael’s AGI before the IRA contribution deduction is $50,000. Michael contributed $3,000 to a traditional IRA.

b. Michael’s AGI is $80,000 before any IRA contributions.

c. Michael’s AGI is $135,000 before any IRA contributions.

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