Roth IRA Contribution Limits for 2024 and 2025
One of the most important things to understand about a Roth IRA is how much you’re allowed to contribute each year. Contribute too much and the IRS will penalize you. Here’s everything you need to know.
2024 Contribution Limits
| Age | Annual Limit |
|---|---|
| Under 50 | $7,000 |
| 50 and older | $8,000 (includes $1,000 catch-up) |
2025 Contribution Limits
The IRS has kept the 2025 limits the same as 2024:
| Age | Annual Limit |
|---|---|
| Under 50 | $7,000 |
| 50 and older | $8,000 |
Income Limits — Can You Contribute?
Not everyone can contribute the full amount. Your eligibility depends on your income (MAGI):
For Single Filers (2024):
| Income | Contribution Allowed |
|---|---|
| Under $146,000 | Full contribution |
| $146,000 – $161,000 | Reduced contribution |
| Over $161,000 | Not eligible |
For Married Filing Jointly (2024):
| Income | Contribution Allowed |
|---|---|
| Under $230,000 | Full contribution |
| $230,000 – $240,000 | Reduced contribution |
| Over $240,000 | Not eligible |
Important Rules to Remember
- You can contribute to your Roth IRA until Tax Day (April 15) for the previous year
- You can contribute to both a Traditional and Roth IRA — but the combined total cannot exceed the annual limit
- You must have earned income at least equal to your contribution amount