2021-2022 Roth IRA Contribution Limits

Open a Roth IRA and take advantage of after-tax benefits as you save for retirement.

Roth IRA contributions are made on an after-tax basis.

Roth IRA contributions are made on an after-tax basis. However, keep in mind that your eligibility to contribute to a Roth IRA is based on your income level. If you file taxes as a single person, your Modified Adjusted Gross Income (MAGI) must be under $140,000 for the tax year 2021 and under $144,000 for the tax year 2022 to contribute to a Roth IRA, and if you're married and file jointly, your MAGI must be under $208,000 for the tax year 2021 and 214,000 for the tax year 2022. The maximum total annual contribution for all your IRAs combined is:

  • $6,000 if you're under age 50
  • $7,000 if you're age 50 or older

Roth IRA Contribution Limits (Tax year 2022)

Roth IRA contribution limits 2022

Roth IRA Contribution Limits (Tax year 2022)
Single Filers (MAGI) Married Filing Jointly (MAGI) Married Filing Separately (MAGI) Maximum Contribution for individuals under age 50 Maximum Contribution for individuals age 50 and older
under $129,000  under $204,000  $0 $6,000 $7,000
$130,500  $205,000  $1,000 $5,400 $6,300
$132,000  $206,000  $2,000 $4,800 $5,600
$133,500  $207,000  $3,000 $4,200 $4,900
$135,000  $208,000  $4,000 $3,600 $4,200
$136,500 $209,000  $5,000 $3,000 $3,500
$138,000  $210,000  $6,000 $2,400 $2,800
$139,500  $211,000  $7,000 $1,800 $2,100
$141,000  $212,000  $8,000 $1,200 $1,400
$142,500  $213,000  $9,000 $600 $700
$144,000 & over  $214,000 & 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 $6,000 ($7,000 for those age 50 and over) for tax year 2021 and no more than $6,000 ($7,000 for those age 50 and over) for tax year 2022.

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Roth IRA Contribution Limits (Tax year 2021)

Roth IRA Contribution Limits (Tax year 2021)

Roth IRA Contribution Limits (Tax year 2020)
Single Filers (MAGI) Married Filing Jointly (MAGI) Married Filing Separately (MAGI) Maximum Contribution for individuals under age 50 Maximum Contribution for individuals age 50 and older
under $125,000  under $198,000  $0 $6,000 $7,000
$126,500  $199,000  $1,000 $5,400 $6,300
$128,000  $200,000  $2,000 $4,800 $5,600
$129,500  $201,000  $3,000 $4,200 $4,900
$131,000  $202,000  $4,000 $3,600 $4,200
$132,500  $203,000  $5,000 $3,000 $3,500
$134,000  $204,000  $6,000 $2,400 $2,800
$135,500  $205,000  $7,000 $1,800 $2,100
$137,000  $206,000  $8,000 $1,200 $1,400
$138,500  $207,000  $9,000 $600 $700
$140,000 & over  $208,000 & over  $10,000 & over $0 $0

Common questions

Your MAGI determines your eligibility to make contributions to a Roth IRA, as well as how much you can contribute. If you file taxes as a single person, your Modified Adjusted Gross Income (MAGI) must be under $140,000 for the tax year 2021 and under $144,000 for the tax year 2022 to contribute to a Roth IRA, and if you’re married and filing jointly, your MAGI must be under $208,000 for the tax year 2021 and $214,000 for the tax year 2022.

Yes, you can contribute to an IRA for unemployed non-working spouse that you file jointly with, but your total combined contribution can't exceed either your joint taxable income or double the annual IRA limit, whichever is less.

Minors can contribute to an IRA based only on the limits of their own earned income, and not that of their parents. 

The deadline to contribute to your Roth IRA is typically April 15 of the following tax year. However, it is better to contribute earlier rather than later, so you can take advantage of tax-free growth potential for a longer period of time.


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