Final answer:
For tax year 2022, the income limits for contributing to a Roth IRA with a Head of Household filing status are set by the IRS and would need to be checked for the current year's guidelines. The maximum contributions are usually adjusted annually for inflation, and Roth IRA contributions are made with after-tax dollars.
Step-by-step explanation:
For tax year 2022, to contribute to a Roth IRA with a filing status of Head of Household (HOH), your Modified Adjusted Gross Income (MAGI) must be less than specific amounts set by the IRS. The IRS periodically updates these income limits to account for inflation and other economic factors. However, as these limits are subject to change each year, you would need to consult the IRS guidelines for the specific year in question or speak with a tax professional. Generally, the income phase-out range for contributing to a Roth IRA starts at one threshold and completely phases out at a higher amount. For 2022, those limits for an individual with a HOH filing status would typically be between specific income brackets that the IRS provides.
The maximum contribution for a Roth IRA in 2022 is typically the same as in previous years, adjusted for inflation. For example, for the tax years 2014 and 2015, the limit was $5,500 ($6,500 if you're age 50 or older), and this amount could have increased for subsequent years. Contributions to a Roth IRA are made with after-tax dollars, and the growth and withdrawals from the Roth IRA are generally tax-free, assuming certain conditions are met.
Therefore, to answer the question regarding the income limits for Roth IRA contributions for someone with a HOH filing status for the tax year 2022, you should look up the current IRS guidelines or consult with a tax advisor who has access to this information.