For the tax years 2024 and 2025, the maximum total annual contribution you can make to a Roth IRA is:
- $7,000 if you are under age 50
- $8,000 if you are age 50 or older (this includes a $1,000 catch-up contribution)
Your ability to contribute the full amount depends on your Modified Adjusted Gross Income (MAGI) and tax filing status:
- For single filers in 2025, you can contribute the full amount if your MAGI is under $150,000.
- For married filing jointly, the full contribution is allowed if your MAGI is under $236,000.
- If your income is above these thresholds but below a higher limit ($165,000 for singles, $246,000 for joint filers), you can make a reduced contribution.
- Above these upper limits, you cannot contribute to a Roth IRA at all in that year
You can contribute to multiple IRAs in a year, but the total combined contribution to all your IRAs cannot exceed these limits or 100% of your earned income, whichever is less
. In summary:
Filing Status| MAGI for Full Contribution| MAGI for Partial Contribution| MAGI
Above Which No Contribution Allowed| Max Contribution Under 50| Max
Contribution 50+
---|---|---|---|---|---
Single| < $150,000| $150,000 - $165,000| ≥ $165,000| $7,000| $8,000
Married Filing Jointly| < $236,000| $236,000 - $246,000| ≥ $246,000| $7,000|
$8,000
Married Filing Separately| < $10,000| < $10,000| ≥ $10,000| Reduced| Reduced
You have until the tax filing deadline (usually April 15 of the following year) to make contributions for the prior tax year
. This framework allows you to maximize your Roth IRA contributions based on your age and income level.
