IRA limits and eligibility

Traditional and Roth IRA contribution limits for individuals

Contribution limits are subject to annual cost-of-living adjustments. If you're age 50 or older, you may qualify for an additional catch-up contribution and beginning in 2024, the catch-up is subject to a cost-of-living adjustment as well. 

For 2024 and 2025, the individual contribution limit is the lesser of earned income or $7,000. The catch-up amount for individuals age 50 or older is $1,000 for 2024 and 2025.

Contribution limits for married couples

The contribution limits apply to each individual, so married couples may be able to contribute the contribution limit for both spouses. For example, in 2025, a married couple, both of whom are 50 or older, may contribute a total of $16,000 ($8,000 each, if there is enough earned income to support this level of contribution).

Eligibility to contribute

Traditional IRA Roth IRA

2024
  • You (and/or your spouse, if applicable) have earned income of at least the amount of total contributions
  • No age limit 
  • You (and/or your spouse, if applicable) have earned income of at least the amount of total contributions
  • No age limit

Whether or not you can make a full contribution depends on your tax filing status and modified adjusted gross income (MAGI):

  • Single: MAGI less than $146,000 for a full contribution or $146,000 - $161,000 for a partial contribution
  • Married filing jointly: MAGI less than $230,000 for a full contribution or $230,000 - $240,000 for a partial contribution
  • Married filing separately (and you lived with your spouse at any time during the year): MAGI $0 - $10,000 for a partial contribution; MAGI $10,000 or greater, a contribution is not allowed

 

 

Traditional IRA Roth IRA
2025
  • You (and/or your spouse, if applicable) have earned income of at least the amount of total contributions
  • No age limit
  • You (and/or your spouse, if applicable) have earned income of at least the amount of total contributions
  • No age limit

Whether or not you can make a full contribution depends on your tax filing status and MAGI:

  • Single: MAGI less than $150,000 for a full contribution or $150,000 - $165,000 for a partial contribution
  • Married filing jointly: MAGI less than $236,000 for a full contribution or $236,000 - $246,000 for a partial contribution
  • Married filing separately (and you lived with your spouse at any time during the year): MAGI $0 - $10,000 for a partial contribution; MAGI $10,000 or greater, a contribution is not allowed

 

Tax deductibility of traditional IRA contributions

You may or may not be able to claim a deduction of your contributions to a Traditional IRA depending on whether you or your spouse are covered by an employer-sponsored retirement plan, your tax filing status and your modified adjusted gross income (MAGI).

2024 tax filing status IRA owner participates in a retirement plan at work IRA owner does not participate in a retirement plan at work
Single

Full deduction: MAGI less than $77,000

Partial deduction: MAGI of $77,000 - $87,000

 No income limit for full deduction
Married filing jointly

Full deduction: MAGI less than $123,000

Partial deduction: MAGI of $123,000 - $143,000

Spouse does not participate in a retirement plan at work: No income limit for full deduction

Spouse participates in a retirement plan at work: Full deduction: MAGI less than $230,000
Partial deduction: MAGI of $230,000 - 240,000
Married filing separately Partial deduction: MAGI $0 - $10,000

Spouse does not participate in a retirement plan at work: No income limit

Spouse participates in a plan at work: Partial deduction: MAGI $0 - 10,000

 

2025 tax filing status IRA owner participates in a retirement plan at work IRA owner does not participate in a retirement plan at work
Single

Full deduction: MAGI less than $79,000

Partial deduction: MAGI of $79,000 - $89,000

 No income limit for full deduction
Married filing jointly

Full deduction: MAGI less than $126,000

Partial deduction: MAGI of $126,000 - $146,000

Spouse does not participate in a retirement plan at work: No income limit for full deduction

Spouse participates in a retirement plan at work: Full deduction: MAGI less than $236,000
Partial deduction: MAGI of $236,000 - 246,000
Married filing separately Partial deduction: MAGI $0 - $10,000

Spouse does not participate in a retirement plan at work: No income limit

Spouse participates in a plan at work: Partial deduction: MAGI $0 - 10,000
Related Information

Understanding IRAs

Strategies for every stage of retirement

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