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Contribution Limits

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2015–2016 Traditional IRA Contribution Limits

A Traditional IRA contribution is fully deductible if your income is under a certain level or if you (or your spouse) don’t have an employer-sponsored retirement plan. If you (or your spouse) do have a 401(k) or pension 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.

Need IRA help? Call 866-855-5636 anytime.


Tax Deductibility of IRA Contributions (Tax Year 2016)
for participants in employer-sponsored retirement plans1
Modified Adjusted Gross Income (MAGI) Maximum Deduction for 2016 for Those Under Age 50 Maximum Deduction for 2016 for Those Age 50 and Over
Single Filers Married Filing Jointly Married Filing Separately
You Participate Spouse Participates
$61,000 & under $98,000 & under $184,000 & under $0 $5,500 $6,500
$62,000 $100,000 $185,000 $1,000 $4,950 $5,850
$63,000 $102,000 $186,000 $2,000 $4,400 $5,200
$64,000 $104,000 $187,000 $3,000 $3,850 $4,550
$65,000 $106,000 $188,000 $4,000 $3,300 $3,900
$66,000 $108,000 $189,000 $5,000 $2,750 $3,250
$67,000 $110,000 $190,000 $6,000 $2,200 $2,600
$68,000 $112,000 $191,000 $7,000 $1,650 $1,950
$69,000 $114,000 $192,000 $8,000 $1,100 $1,300
$70,000 $116,000 $193,000 $9,000 $550 $650
$71,000 & over $118,000 & over $194,000 & over $10,000 & over $0 $0

Tax Deductibility of IRA Contributions (Tax Year 2015)
for participants in employer-sponsored retirement plans1
Modified Adjusted Gross Income (MAGI) Maximum Deduction for 2015 for Those Under Age 50 Maximum Deduction for 2015 for Those Age 50 and Over
Single Filers Married Filing Jointly Married Filing Separately
You Participate Spouse Participates
$61,000 & under $98,000 & under $183,000 & under $0 $5,500 $6,500
$62,000 $100,000 $184,000 $1,000 $4,950 $5,850
$63,000 $102,000 $185,000 $2,000 $4,400 $5,200
$64,000 $104,000 $186,000 $3,000 $3,850 $4,550
$65,000 $106,000 $187,000 $4,000 $3,300 $3,900
$66,000 $108,000 $188,000 $5,000 $2,750 $3,250
$67,000 $110,000 $189,000 $6,000 $2,200 $2,600
$68,000 $112,000 $190,000 $7,000 $1,650 $1,950
$69,000 $114,000 $191,000 $8,000 $1,100 $1,300
$70,000 $116,000 $192,000 $9,000 $550 $650
$71,000 & over $118,000 & over $193,000 & over $10,000 & over $0 $0

1. You may contribute simultaneously to a Traditional IRA and a Roth IRA (subject to eligibility) as long as the total contributed to all (Traditional and/or Roth) IRAs totals no more than $5,500 ($6,500 for those age 50 and over) for tax year 2015 and no more than $5,500 ($6,500 for those age 50 and over) for tax year 2016.

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