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Contribution Limits

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Traditional IRA Contribution Limits

Different from a Roth IRA, Traditional IRA contributions are not limited by how much you make annually, meaning that anyone with an earned income is eligible to participate. However, there are Traditional IRA contribution limits to how much you can put in. The maximum total annual contribution for all your IRAs combined is:

  • if you're under age 50
  • if you're age 50 or older

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Tax Deductibility

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) 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.

Tax Deductibility of IRA Contributions (Tax Year 2017

For participants in employer-sponsored retirement plans1

Modified Adjusted Gross Income (MAGI) Maximum Deduction for 2017 for Those Under Age 50 Maximum Deduction for 2017 for Those Age 50 and Over
$61,000 & under $5,500 $6,500
$62,000 $4,950 $5,850
$63,000 $4,400 $5,200
$64,000 $3,850 $4,550
$65,000 $3,300 $3,900
$66,000 $2,750 $3,250
$67,000 $2,200 $2,600
$68,000 $1,650 $1,950
$69,000 $1,100 $1,300
$70,000 $550 $650
$71,000 & over $0 $0
Modified Adjusted Gross Income (MAGI) Maximum Deduction for 2017 for Those Under Age 50 Maximum Deduction for 2017 for Those Age 50 and Over
$98,000 & under $5,500 $6,500
$100,000 $4,950 $5,850
$102,000 $4,400 $5,200
$104,000 $3,850 $4,550
$106,000 $3,300 $3,900
$108,000 $2,750 $3,250
$110,000 $2,200 $2,600
$112,000 $1,650 $1,950
$114,000 $1,100 $1,300
$116,000 $550 $650
$118,000 & over $0 $0
Modified Adjusted Gross Income (MAGI) Maximum Deduction for 2017 for Those Under Age 50 Maximum Deduction for 2017 for Those Age 50 and Over
$184,000 & under $5,500 $6,500
$185,000 $4,950 $5,850
$186,000 $4,400 $5,200
$187,000 $3,850 $4,550
$188,000 $3,300 $3,900
$189,000 $2,750 $3,250
$190,000 $2,200 $2,600
$191,000 $1,650 $1,950
$192,000 $1,100 $1,300
$193,000 $550 $650
$194,000 & over $0 $0
Modified Adjusted Gross Income (MAGI) Maximum Deduction for 2017 for Those Under Age 50 Maximum Deduction for 2017 for Those Age 50 and Over
$0 $5,500 $6,500
$1,000 $4,950 $5,850
$2,000 $4,400 $5,200
$3,000 $3,850 $4,550
$4,000 $3,300 $3,900
$5,000 $2,750 $3,250
$6,000 $2,200 $2,600
$7,000 $1,650 $1,950
$8,000 $1,100 $1,300
$9,000 $550 $650
$10,000 & over $0 $0


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
$61,000 & under $5,500 $6,500
$62,000 $4,950 $5,850
$63,000 $4,400 $5,200
$64,000 $3,850 $4,550
$65,000 $3,300 $3,900
$66,000 $2,750 $3,250
$67,000 $2,200 $2,600
$68,000 $1,650 $1,950
$69,000 $1,100 $1,300
$70,000 $550 $650
$71,000 & over $0 $0
Modified Adjusted Gross Income (MAGI) Maximum Deduction for 2016 for Those Under Age 50 Maximum Deduction for 2016 for Those Age 50 and Over
$98,000 & under $5,500 $6,500
$100,000 $4,950 $5,850
$102,000 $4,400 $5,200
$104,000 $3,850 $4,550
$106,000 $3,300 $3,900
$108,000 $2,750 $3,250
$110,000 $2,200 $2,600
$112,000 $1,650 $1,950
$114,000 $1,100 $1,300
$116,000 $550 $650
$118,000 & over $0 $0
Modified Adjusted Gross Income (MAGI) Maximum Deduction for 2016 for Those Under Age 50 Maximum Deduction for 2016 for Those Age 50 and Over
$184,000 & under $5,500 $6,500
$185,000 $4,950 $5,850
$186,000 $4,400 $5,200
$187,000 $3,850 $4,550
$188,000 $3,300 $3,900
$189,000 $2,750 $3,250
$190,000 $2,200 $2,600
$191,000 $1,650 $1,950
$192,000 $1,100 $1,300
$193,000 $550 $650
$194,000 & over $0 $0
Modified Adjusted Gross Income (MAGI) Maximum Deduction for 2016 for Those Under Age 50 Maximum Deduction for 2016 for Those Age 50 and Over
$0 $5,500 $6,500
$1,000 $4,950 $5,850
$2,000 $4,400 $5,200
$3,000 $3,850 $4,550
$4,000 $3,300 $3,900
$5,000 $2,750 $3,250
$6,000 $2,200 $2,600
$7,000 $1,650 $1,950
$8,000 $1,100 $1,300
$9,000 $550 $650
$10,000 & over $0 $0

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