Contribution Rules                        

Traditional IRA Contribution Rules

The Traditional IRA contribution rules are based on your age, not on income. Deducting your contributions from your taxes is based on income. Read more about income rules.

The Traditional IRA contribution rules are categorized into three phases based on age:

·         Regular contributions are allowed up to age 50.

·         Catch-up contributions are allowed age 50 - 70½.

·         No contributions are allowed after age 70½.

Use the table to find your Traditional IRA contribution limits.

 Roth IRA Contribution Rules

Roth IRA contribution rules are based on age as well as income. Read more about income rules. Contributions are not tax-deductible.

The Roth IRA contribution rules are categorized into two phases based on age:

·         Regular contributions are allowed up to age 50.

·         Catch-up contributions are allowed age 50+.

Use the table to find your Roth IRA contribution limits.