IRA Accounts > Roth IRA > 2024-2025 Roth IRA Contribution & Income Limits
2024-2025 Roth IRA contribution and income limits.
The Roth IRA contribution limit for 2024 and 2025 is $7,000 if you’re under age 50 or $8,000 if you’re 50 or older. Maximize your retirement savings today.
2024 and 2025 Roth IRA contribution limits.
| 2024 contribution limits* | 2025 contribution limits* | |
|---|---|---|
| Under age 50 | $7,000 | $7,000 |
| Age 50 or older | $8,000 | $8,000 |
*Contribution limits according to the IRS.
Tip: The annual IRA contribution limit applies to all your IRA accounts combined, including both Traditional and Roth IRAs.
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How to maximize your 2024 and 2025 Roth IRA contributions.
Prioritizing your Roth IRA contributions can be a smart way to boost your retirement savings and enjoy tax-free growth and withdrawals in the future. Here’s how you can make the most of your contributions:
Set up recurring contributions:
Automate your contributions by setting up automatic transfers from your bank.
Start contributing early in the year:
Time your contributions early in the year to maximize tax-free growth before IRA contribution deadlines.
Contribute the maximum Roth IRA amount:
In 2024 and 2025, you can contribute up to $7,000.
Take advantage of catch-up contributions:
If you’re 50 or older, you can contribute even more—up to $8,000 in 2024 and 2025. -
2025 Roth IRA income limits.
| Filing status | Modified adjusted gross income (MAGI) | Contribution limits |
|---|---|---|
| • Single • Head of household • Married filing separately (if you didn’t live with your spouse in 2025) |
Less than $150,000 | $7,000 (under 50) $8,000 (50 or older) |
| $150,000-$165,000 | Reduced contribution | |
| $165,000 or more | Not eligible to contribute | |
| • Married filing jointly • Surviving spouse |
Less than $236,000 | $7,000 (under 50) $8,000 (50 or older) |
| $236,000-$246,000 | Reduced contribution | |
| $246,000 or more | Not eligible to contribute | |
| Married filing separately (if you lived with your spouse anytime in 2025) | Less than $10,000 | Reduced contribution |
| $10,000 or more | Not eligible to contribute |
Tip: For help determining your Roth IRA contribution limits,
use our simple IRA contribution calculator.
2024 Roth IRA income limits.
| Filing status | Modified adjusted gross income (MAGI) | Contribution limits |
|---|---|---|
| • Single • Head of household • Married filing separately (if you didn’t live with your spouse in 2024) |
Less than $146,000 | $7,000 (under 50) $8,000 (50 or older) |
| $146,000-$161,000 | Reduced contribution | |
| $161,000 or more | Not eligible to contribute | |
| • Married filing jointly • Surviving spouse |
Less than $230,000 | $7,000 (under 50) $8,000 (50 or older) |
| $230,000-$240,000 | Reduced contribution | |
| $240,000 or more | Not eligible to contribute | |
| Married filing separately (if you lived with your spouse anytime in 2024) | Less than $10,000 | Reduced contribution |
| $10,000 or more | Not eligible to contribute |
How high earners can manage income restrictions.
If you’re a high-income earner affected by Roth IRA income limits, there are alternative retirement savings options. You can:
• Max out contributions to a traditional IRA, which allows tax-deferred growth.
• Make after-tax contributions to a different retirement account—like a traditional IRA or 401(k)—and complete a backdoor Roth conversion. While more complicated, this legally allows Roth contributions when over the income limits.
Learn more: Roth vs Traditional IRAs
What happens if you exceed Roth IRA contribution and income limits?
You have options if you accidentally contribute too much to a Roth IRA or your income ends up being over the limits for that year. The worst-case scenario is the IRS will give you an excess contribution penalty, which is just 6% of the ineligible amount for each year it remains in the Roth account. You can easily avoid that tax by withdrawing excess contributions before your tax filing deadline, along with any earnings on that money. Just be sure to keep an eye on income limits and contribution caps—they change each year.
FAQ
How do contribution limits affect me?
Roth IRA contribution limits determine how much money, if any, you’re allowed to contribute directly to a Roth IRA each year. If you contribute too much or your income is too high, you could be subject to a tax penalty.
What if my income is above the limit?
If your income is above the limit for contributing directly to a Roth IRA, you can explore doing a backdoor Roth IRA contribution. This involves making an after-tax contribution to a traditional IRA and then converting those funds to a Roth IRA.
Can I contribute to a Roth IRA for my spouse?
Yes, you can contribute to a Roth IRA for your spouse, even if they don’t have any earned income for the year. This is allowed through a spousal Roth IRA contribution. As long as you’ve enough earned income to cover the contribution for both you and your spouse, you can fully fund both of your Roth IRA accounts up to the annual limits.
Can I contribute to a Roth IRA if I already contribute to a 401(k)?
Yes, you can contribute to a Roth IRA even if you already contribute to a 401(k) or other employer-sponsored retirement plan. Roth IRAs have their own separate contribution limits from other retirement accounts. As long as you have enough earned income and meet the Roth IRA income limits, you can max out contributions to both a Roth IRA and your 401(k) in the same year.
When do Roth IRA contributions need to be made for the tax year?
Roth IRA contributions for the year must be made by the tax filing deadline, typically around April 15. For example, contributions for the 2024 tax year must be made by April 15, 2025.
What happens if I contribute too much to my Roth IRA?
If you contribute too much to your Roth IRA, the excess contribution may be subject to a 6% penalty tax each year it remains in the account. To avoid this penalty, you must withdraw the excess contributions and any earnings on them by the tax filing deadline, including extensions, for that year.
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