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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 2014 tax year: Wednesday, April 15, 2015

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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

2014 2015
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 2014 and 2015:

Roth IRA modified adjusted gross income phase-out ranges*

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

2014 2015
Single individuals $114,000–$129,000 $116,000–$131,000
Married, filing joint returns $181,000–$191,000 $183,000–$193,000

Traditional IRA modified adjusted gross income limit for partial deductibility

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

2014 2015
Single $60,000–$70,000 $61,000–$71,000
Married, filing joint returns $96,000–$116,000 $98,000–$118,000
Married, filing separately $0–$10,000 $0–$10,000
Non-active participant spouse (i.e., those with spouses who earn no income) $181,000–$191,000 $183,000–$193,000
Source: Internal Revenue Service
* Since the 2010 tax year, there is no income limit for taxpayers who wish to convert a Traditional IRA to a Roth IRA.
** Married (filing separately) can use the limits for single individuals if they have not lived with their spouse in the past year.