2018-2019 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:

  • $5,500 (for 2018) and $6,000 (for 2019) if you're under age 50
  • $6,500 (for 2018) and $7,000 (for 2019) if you're age 50 or older

The deadline to make a Traditional IRA contribution for the current tax year is typically April 15 of the following tax year.

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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) 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 2019)

Filing Status: Single

Filing Status: Married Filing Jointly - You Participate

Filing Status: Married Filing Jointly - You Participate

Filing Status: Married Filing Jointly - Spouse Participates

Filing Status: Married Filing Jointly - Spouse Participates

Filing Status: Married Filing Separately

Filing Status: Married Filing Separately

Tax Deductibility of IRA Contributions (Tax Year 2018)

Filing Status: Single

Filing Status: Married Filing Jointly - You Participate

Filing Status: Married Filing Jointly - You Participate

Filing Status: Married Filing Jointly - Spouse Participates

Filing Status: Married Filing Jointly - Spouse Participates

Filing Status: Married Filing Separately

Filing Status: Married Filing Separately

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