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IRA contribution limits & deadlines

Annual IRA limits may seem small, but combined with tax breaks and compounding, your savings can add up significantly over time.

IRA contribution limits for 2021

The figures below are the amounts you can contribute, in total, across all of your Roth and traditional IRAs, including those you hold at other companies.

If you're under age 50


If you're age 50 or older


Note: You can never contribute more than you've earned for the year.

Other contribution facts

Contributing to a Roth IRA

If you have a Roth IRA, your modified adjusted gross income (MAGI) for the year may affect whether you can contribute the maximum amount, or—if your income's high enough—exclude you from contributing to a Roth IRA altogether.

Contributing for a spouse

While you can contribute to an IRA for a spouse who isn't working (as long as you file a joint tax return), the total contribution for both you and your spouse can't exceed your joint taxable income or double the annual IRA limit, whichever is less.

Contributing as a minor

Minors who want to start contributing to an IRA must abide by limits based on their income, not that of their parents.

IRA contribution deadline

The deadline for making IRA contributions for a given tax year is typically April 15 of the following year.

Early birds may do better

Keep in mind that procrastination can be costly. If you make your IRA contribution at the last minute, you miss out on nearly 16 months of potential gains as well as the chance for those gains to compound over time. So the earlier you contribute to your IRA, the better.

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Did you contribute beyond the limit?


You may be able to save even more with a SEP-IRA or SIMPLE IRA.


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Modified adjusted gross income (MAGI)

An amount used to determine a taxpayer's IRA eligibility. Generally, it's the taxpayer's adjusted gross income calculated without certain deductions and exclusions.