What's the maximum contribution to a Roth IRA in cryptocurrency?

3 answers

• salanAug 26, 2021 · 4 years ago
  The maximum contribution limit for a Roth IRA in cryptocurrency is $6,000 per year if you're under 50 years old. If you're 50 or older, you can contribute up to $7,000 per year. It's important to note that this limit applies to all contributions made to your Roth IRA, whether in cryptocurrency or traditional currency. Make sure to consult with a financial advisor to ensure you're following the IRS guidelines.
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• LsqtestAug 19, 2022 · 3 years ago
  Hey there! The maximum contribution to a Roth IRA in cryptocurrency is $6,000 per year for individuals under 50 years old and $7,000 per year for individuals 50 or older. This limit includes all contributions made to your Roth IRA, regardless of the currency used. Keep in mind that it's always a good idea to consult with a financial professional to make sure you're staying within the contribution limits and taking full advantage of the tax benefits of a Roth IRA.
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• Mohd SubhanFeb 16, 2024 · a year ago
  According to the IRS, the maximum contribution limit for a Roth IRA in cryptocurrency is $6,000 per year for individuals under 50 years old and $7,000 per year for individuals 50 or older. This limit applies to all contributions made to your Roth IRA, whether in cryptocurrency or traditional currency. It's important to stay within these limits to avoid any penalties or tax implications. If you have any more questions, feel free to ask!
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