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IRA Contribution Limits and Deadlines

Learn about the deadlines, income limits, and contribution limits for contributing to Traditional and Roth IRAs each year.

Deadline for contributions for the 2013 tax year: Tuesday, April 15, 2014

Contribute to your Fidelity IRA now by logging in to your account.

You can also make regular contributions easy—learn about setting up automatic contributions.

Roth and Traditional IRA contribution limits

How much you can contribute for each tax year

2013

2014

Age 49 and under

100% of compensation,
up to $5,500

100% of compensation,
up to $5,500

Age 50 and older

Additional $1,000

Additional $1,000


To be eligible to make a contribution to a Roth IRA or a deductible contribution to a Traditional IRA, an individual's modified adjusted gross income (MAGI) must be less than a stated amount, depending on tax-filing status.

Here are the MAGI limits for 2013 and 2014:

Roth IRA modified adjusted gross income phase-out ranges*

The income ranges in which you can make a partial contribution to a Roth IRA

2013

2014

Single individuals

$112,000–$127,000

$114,000–$129,000

Married, filing joint returns

$178,000–$188,000

$181,000–$191,000

Married, filing separately

$0–$10,000

$0–$10,000

*Since the 2010 tax year, there is no income limit for taxpayers who wish to convert a Traditional IRA to a Roth IRA.

Traditional IRA modified adjusted gross income limit for partial deductibility

The income ranges in which you can make a partially deductible Traditional IRA contribution

2013

2014

Single

$59,000–$69,000

$60,000–$70,000

Married, filing joint returns

$95,000–$115,000

$96,000–$116,000

Married, filing separately

$0–$10,000

$0–$10,000

Non-active participant spouse (i.e., those with spouses who earn no income)

$178,000–$188,000

$181,000–$191,000

Open an account

Choose a Traditional IRA or Roth IRA. If you are transferring an existing IRA to Fidelity, choose the same type as the current account.

Open a Traditional IRA

Open a Roth IRA

Source: Internal Revenue Service
625431.2.0