IRA Contribution Limits

Learn about income and contribution limits for contributing to Traditional and Roth IRAs.

2017 and 2018 Traditional & Roth IRA contribution limits

Total annual contributions to your Traditional and Roth IRAs combined cannot exceed:

  • $5,500 (under age 50)
  • $6,500 (age 50 or older)

Roth IRA contribution limits and eligibility are based on your modified adjusted gross income (MAGI), depending on tax-filing status. Partial contributions are allowed for certain income ranges.

Traditional IRA contributions are not limited by annual income.

Calculate your IRA contribution limit


2017 & 2018 Roth IRA income requirements

Filing Status Modified adjusted gross income (MAGI)1 Contribution Limit
Single individuals < $118,000 < $120,000 $5,500
≥ $118,000 but < $133,000 ≥ $120,000 but < $135,000 Partial contribution (calculate)
≥ $133,000 ≥ $135,000 Not eligible
Married (filing joint returns) < $186,000 < $189,000 $5,500
≥ $186,000 but < $196,000 ≥ $189,000 but < $199,000 Partial contribution (calculate)
≥ $196,000 ≥ $199,000 Not eligible
Married (filing separately)2 Not eligible Not eligible $5,500
< $10,000 < $10,000 Partial contribution (calculate)
≥ $10,000 ≥ $10,000 Not eligible

Contribution limits for small-business plans?

See annual limits for SEP and SIMPLE IRAs, 401(k)s, and investment-only plans.

If you are covered by a retirement plan at work, you can make a full or partially deductible contribution to a Traditional IRA, based on your modified adjusted gross income (MAGI).

Calculate your IRA contribution limit


2017 & 2018 Traditional IRA deduction limits

Filing Status Modified adjusted gross income (MAGI)1 Deduction Limit
Single individuals ≤ $62,000 ≤ $63,000 Full deduction up to the amount of your contribution limit
> $62,000 but < $72,000 > $63,000 but < $73,000 Partial deduction (calculate)
≥ $72,000 ≥ $73,000 No deduction
Married (filing joint returns) ≤ $99,000 ≤ $101,000 Full deduction up to the amount of your contribution limit
> $99,000 but < $119,000 > $101,000 but < $121,000 Partial deduction (calculate)
≥ $119,000 ≥ $121,000 No deduction
Married (filing separately)2 Not eligible Not eligible Full deduction up to the amount of your contribution limit
< $10,000 < $10,000 Partial deduction (calculate)
≥ $10,000 ≥ $10,000 No deduction
Non-active participant spouse (i.e., those with spouses who earn no income) ≤ $186,000 ≤ $189,000 Full deduction up to the amount of your contribution limit
> $186,000 but < $196,000 > $189,000 but < $199,000 Partial deduction (calculate)
≥ $196,000 ≥ $199,000 No deduction

Contribution limits for small-business plans?

See annual limits for SEP and SIMPLE IRAs, 401(k)s, and investment-only plans.