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IRA Contribution Limits for 2025
IRA contribution limits are set annually by the IRS and apply combined across all your Traditional and Roth IRAs — understanding both the contribution and income limits helps you plan effectively.
2025 Limits
| Category | 2025 Limit |
|---|---|
| Under age 50 | $7,000 |
| Age 50+ | $8,000 |
Roth IRA Income Limits
Roth IRA contributions phase out at higher incomes — for 2025, this begins around $150,000 for single filers and $236,000 for married filing jointly, phasing out completely at higher thresholds. Traditional IRA contributions have no income limit, though deductibility may phase out if you have a workplace retirement plan.
The Combined Limit Applies Across All IRAs
If you have both a Traditional and Roth IRA, your total contributions across both accounts combined cannot exceed the annual limit — you can't contribute the full limit to each separately.
Common Mistakes
Contributing to a Roth IRA above the income limit, which can trigger a 6% excess contribution penalty if not corrected before the tax filing deadline.
Frequently Asked Questions
Yes, but your combined contributions across both accounts cannot exceed the annual limit ($7,000 under 50, $8,000 for 50+ in 2025).
Excess contributions can trigger a 6% penalty per year until corrected — withdraw the excess (plus any earnings) before your tax filing deadline to avoid this.