2025 and 2026 Traditional IRA Contribution Limits
Traditional IRA contributions
Traditional IRA contributions are not limited by how much you make annually, meaning that anyone with an earned income is eligible to participate, but your contribution may not be fully deductible. There are Traditional IRA contribution limits to how much you can put in. The maximum total annual contribution for all your IRAs (Traditional and Roth) combined is:
- $7,000 if you're under age 50 / $8,000 if you're age 50 or older for tax year 2025.
- $7,500 if you're under age 50 / $8,600 if you're age 50 or older for tax year 2026.
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Open a Traditional IRA
If your income is under a certain
If your income is under a certain level or if you (or your spouse) don't have an employer-sponsored retirement plan, your Traditional IRA contribution is fully deductible. If you (or your spouse) have an employer-sponsored retirement plan, the tax-deductible portion of your IRA contribution may be limited. Use our IRA contribution limit charts below to see how much you can deduct.
Tax Deductibility of IRA Contributions (Tax Year 2025)
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Filing Status: Single Modified Adjusted Gross Income (MAGI) Allowable Deduction $79,000 or less A full deduction up to the lesser of $7,000 ($8,000 if you're 50 or older) of your taxable compensation Between $79,000 and $89,000 A partial deduction based on your MAGI $89,000 or more No deduction
Filing Status: Married Filing Jointly - You Participate in a retirement plan at work
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Filing Status: Married Filing Jointly - You Participate in a retirement plan at work Modified Adjusted Gross Income (MAGI) Allowable Deduction $126,000 or less A full deduction up to the lesser of $7,000 ($8,000 if you're 50 or older) of your taxable compensation Between $126,000 and $146,000 A partial deduction based on your MAGI $146,000 or more No deduction
Filing Status: Married Filing Jointly - Spouse Participates in a retirement plan at work
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Filing Status: Married Filing Jointly - Spouse Participates in a retirement plan at work Modified Adjusted Gross Income (MAGI) Allowable Deduction $236,000 or less A full deduction up to the lesser of $7,000 ($8,000 if you're 50 or older) of your taxable compensation Between $236,000 and $246,000 A partial deduction based on your MAGI $246,000 or more No deduction
Filing Status: Married Filing Separately
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Filing Status: Married Filing Separately Modified Adjusted Gross Income (MAGI) Allowable Deduction Less than $10,000 A partial deduction based on your MAGI $10,000 or more No deduction
Tax Deductibility of IRA Contributions (Tax Year 2026)
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Modified Adjusted Gross Income (MAGI) Allowable Deduction $81,000 or less A full deduction up to the lesser of $7,500 ($8,600 if you're 50 or older) of your taxable compensation Between $81,000 and $91,000 A partial deduction based on your MAGI $91,000 or more No deduction
Filing Status: Married Filing Jointly - You Participate in a retirement plan at work
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Modified Adjusted Gross Income (MAGI) Allowable Deduction $129,000 or less A full deduction up to the lesser of $7,500 ($8,600 if you're 50 or older) of your taxable compensation. Between $129,000 and $149,000 A partial deduction based on your MAGI $149,000 or more No deduction
Filing Status: Married Filing Jointly - Spouse Participates in a retirement plan at work
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Filing Status: Married Filing Jointly - Spouse Participates in a retirement plan at work Modified Adjusted Gross Income (MAGI) Allowable Deduction $242,000 or less A full deduction up to the lesser of $7,500 ($8,600 if you're 50 or older) of your taxable compensation Between $242,000 and $252,000 A partial deduction based on your MAGI $252,000 or more No deduction
Filing Status: Married Filing Separately
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Filing Status: Married Filing Separately Modified Adjusted Gross Income (MAGI) Allowable Deduction Less than $10,000 A partial deduction based on your MAGI $10,000 or more No deduction
Common questions
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To calculate MAGI, first start by determining your gross income (GI), which is your total income earned from all sources. Then, subtract from this number all qualified deductions (listed on the front page of tax form 1040) to derive your adjusted gross income (AGI). MAGI is calculated by adding back certain deductions to AGI, such as tuition and IRA contributions. MAGI determines how much of your Traditional IRA contribution is deductible, if at all.
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Anyone with an earned income and their spouses, if married and filing jointly, can contribute to a Traditional IRA. There is no age limit. There are no income limitations to contribute to a non-deductible Traditional IRA, and the maximum contribution per year is $7,000 if you're under age 50 / $8,000 if you're age 50 or older for tax year 2025, $7,500 if you're under age 50 / $8,600 if you're age 50 or older for tax year 2026.
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