💰 IRA Contribution Limits
Annual contribution limits for Traditional and Roth Individual Retirement Accounts (IRAs), including catch-up contributions for investors age 50 and older.
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) |
|---|---|---|---|
| 2026 | $7,500 | $1,100 | $8,600 |
| 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 |
2026 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 | $153,000 – $168,000 |
| Married Filing Jointly | $242,000 – $252,000 |
| Married Filing Separately | $0 – $10,000 |
2026 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) | $81,000 – $91,000 |
| Married Filing Jointly (covered by plan) | $129,000 – $149,000 |
| Married Filing Jointly (spouse covered) | $242,000 – $252,000 |
Frequently Asked Questions
How much can someone over 50 contribute to an IRA?
For 2026, someone age 50 or older can contribute $8,600 — the $7,500 base limit plus a $1,100 catch-up. In 2023 the over-50 maximum was $7,500 ($6,500 base plus a $1,000 catch-up).
What is the 2026 IRA contribution limit?
The 2026 limit is $7,500 for those under 50 and $8,600 for those 50 and older. It applies to your combined Traditional and Roth IRA contributions for the year.
Can I contribute to both a Traditional and a Roth IRA?
Yes, but your combined contributions across all Traditional and Roth IRAs can't exceed the annual limit ($7,500 in 2026, or $8,600 if you're 50+). Roth eligibility also depends on your income.
What is the IRA catch-up contribution for age 50 and older?
The catch-up was $1,000 from 2020 through 2025 and rose to $1,100 for 2026 — its first increase, now indexed to inflation under SECURE 2.0.
What is the Roth IRA income limit for married filing jointly?
For 2026, Roth IRA contributions for married couples filing jointly phase out between $242,000 and $252,000 of modified adjusted gross income (MAGI), and are not allowed above $252,000.