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IRA Contribution Limits

Determine how much money you should set aside for your IRA using the tables below that outline basic contribution limits.

Roth IRA

Filing Status and Modified Adjusted Gross Income: Allowable Contribution:
Single Filer Married Filing Jointly Married Filing Separately Under Age 50 Age 50 and Older
Less than $114,000 Less than $181,000 $0 Contribute up to $5,500 Contribute up to $6,500
At least $114,000 but less than $129,000 At least $181,000 but less than $191,000 Greater than $0 but less than $10,000 Contribute greater than $0 but less than $5,500 Contribute greater than $0 but less than $6,500
$129,000 and greater $191,000 and greater $10,000 and greater Contribute $0 Contribute $0

Traditional IRA

Filing Status and Modified Adjusted Gross Income: Allowable Contribution:
Single Filer Married Filing Jointly Under Age 50 Age 50 and Older
You Participate in an Employer Retirement Plan Only your Spouse Participates in an Employer Retirement Plan Married Filing Separately
$60,000 and less $96,000 and less $181,000 and less $0 Take a Full Deduction ($5,500) Take a Full Deduction ($6,500)
Greater than $60,000 but less than $70,000 Greater than $96,000 but less than $116,000 Greater than $181,000 but less than $191,000 Greater than $0 but less than $10,000 Take a Partial Deduction (greater than $0 but less than $5,500) Take a Partial Deduction (greater than $0 but less than $6,500)
$70,000 and greater $116,000 and greater $191,000 and greater $10,000 and greater Make only Non-Deductible Contributions Make only Non-Deductible Contributions