The maximum annual contribution to a Roth IRA for an unmarried taxpayer who is age 35 is the lesser of $6,000 or the individual's compensation for the year in 2019.

Question

Quizplus · Accepted Answer

This is correct according to the IRS guidelines for 2019. The maximum contribution limit for a Roth IRA is $6,000, but it is also limited to the amount of compensation earned by the individual for the year. The limit may be subject to adjustments for inflation in future years.

The Maximum Annual Contribution to a Roth IRA for an Unmarried