IRA Contribution Limits and Deadlines
Learn about the deadlines, income limits, and contribution limits for contributing to Traditional and Roth IRAs each year.
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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,
|
100% of compensation,
|
|
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 |
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Choose a Traditional IRA or Roth IRA. If you are transferring an existing IRA to Fidelity, choose the same type as the current account.
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Questions?
More information
For existing customers
Source: Internal Revenue Service
625431.2.0