This is a good article from Rick Rodgers regarding the new Roth rules for 2013.
The Roth IRA is getting a raise in 2013! The Internal Revenue Service recently announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2013. The limit on annual contributions to traditional IRA and Roth IRAs will both rise to $5,500, up from $5,000 in prior years. The Economic Growth and Tax Relief Reconciliation Act of 2001, signed into law by President Bush, increased contributions to from $3,000 to $4,000 and tied future increases to inflation. The last increase for Roth IRAs was in 2008.
Not everyone can make a direct contribution to a Roth IRA. There are income limits phasing out a taxpayer’s ability to contribute. Those limits will also increase in 2013. Single taxpayers and heads of household who are covered by a retirement plan at work begin to phase out contributions when modified adjusted gross income (MAGI) is between $59,000 and $69,000. Joint filers in which an IRA contributor not covered by a retirement plan and is married to someone who is covered phase out when MAGI is between $178,000 and $188,000.