Roth IRA Contribution Rules
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Roth IRA Contribution Rules
As in the traditional IRA, the most one individual can contribute to a Roth IRA for 2025 is $7,000 each year. These limits are $1,000 higher for individuals age 50 or older. The most a married couple filing taxes jointly can contribute for 2025 is $14,000. These limits rise to $16,000 if both individuals are age 50 or older. The catchup limit will be indexed to inflation starting in 2025.
Things To Know
- Roth IRA contribution limits mirror those of the traditional IRA.
- You may contribute to a traditional IRA as well as a Roth, but the total placed into both accounts must not exceed the allowed limit.
- A 6 percent tax is charged on excess contributions.
Contribution limits
How much you may contribute is limited for those above certain income levels:
- If you are single, head of household, or married filing separately and did not live with your spouse, you are allowed to contribute the full amount as long as your adjusted gross income (AGI) does not exceed $150,000 in 2025. Participation in employer retirement plans does not limit your participation as it does in a traditional IRA. The Roth contribution is phased out as your adjusted gross income exceeds the yearly limit. At $165,000 in 2025, your allowed contribution drops to $0.
- If you are married and you and your spouse are filing taxes jointly, your limit on adjusted gross income is $236,000 in 2025. At $246,000, your allowed contribution drops to $0. Between these limits, you must reduce your contributions accordingly (the IRS has publications to help you calculate this). Participation in other qualified retirement plans is not a barrier.
- If you are married, lived with your spouse, and are filing separately, you are allowed to contribute up to the maximum as long as your adjusted gross income (AGI) does not exceed $10,000 per year. Between $0 and $10,000, your ability to contribute is slowly phased out. Participation in other qualified retirement plans is not a barrier.
You may simultaneously contribute to a traditional IRA, as long as the total placed into both accounts does not exceed the yearly limits. If you are married, the same amounts may be contributed for each of you to a spousal IRA.
If you contribute too much
A 6 percent tax is charged on excess contributions (contributions over the legal maximum) to the account. This tax will apply to each year that the excess remains.
For more information
To determine how much you may contribute to your Roth IRA, use Worksheet 2-2 in IRS Publication 590a.