Roth IRA’s are some of the last truly tax-free investments you can make. Unlike traditional IRA’s, where your earnings are taxed as income, earnings in a Roth are completely tax-free. That’s the good news. The bad news is, not everyone qualifies to be able to contribute to a Roth. For 2016, if your file your taxes as single, you can make a full contribution up to $5,500 per year ($6,500 over age 50) if your modified adjusted gross income (MAGI) is less than $117,000, and a partial contribution if your MAGI is between $117,000 and $132,000. If you file taxes jointly, you can make a full contribution if your income is less than $184,000, and a partial contribution if your MAGI is between $184,000 and $194,000. If you file single and make over $132,000 or file jointly and make over $194,000, you’re out of luck for making a Roth contribution. That is unless you go in through the “back door”.