💰 IRA Contribution Limits
Annual contribution limits for Traditional and Roth Individual Retirement Accounts (IRAs), including catch-up contributions for investors age 50 and older.
For informational purposes only. Roth IRA eligibility and deductibility depends on income. Verify limits at irs.gov.
IRA Annual Contribution Limits
Limits apply to combined contributions across all Traditional and Roth IRAs for the year.
| Year | Contribution Limit | Catch-Up (50+) | Total (50+ max) |
|---|---|---|---|
| 2025 | $7,000 | $1,000 | $8,000 |
| 2024 | $7,000 | $1,000 | $8,000 |
| 2023 | $6,500 | $1,000 | $7,500 |
| 2022 | $6,000 | $1,000 | $7,000 |
| 2021 | $6,000 | $1,000 | $7,000 |
| 2020 | $6,000 | $1,000 | $7,000 |
2025 Roth IRA Income Phase-Out Ranges
Roth IRA contributions are reduced (phased out) for incomes in these ranges and eliminated above the top of the range.
| Filing Status | MAGI Phase-Out Range |
|---|---|
| Single / Head of Household | $150,000 – $165,000 |
| Married Filing Jointly | $236,000 – $246,000 |
| Married Filing Separately | $0 – $10,000 |
2025 Traditional IRA Deductibility Phase-Out Ranges
Traditional IRA contributions are always allowed, but deductibility phases out if you (or your spouse) are covered by a workplace retirement plan.
| Situation | MAGI Phase-Out Range |
|---|---|
| Single (covered by workplace plan) | $79,000 – $89,000 |
| Married Filing Jointly (covered by plan) | $126,000 – $146,000 |
| Married Filing Jointly (spouse covered) | $236,000 – $246,000 |