You can contribute up to $7,000 annually to your Roth IRA if you are under age 50, and up to $8,000 if you are age 50 or older (including a $1,000 catch-up contribution) for the tax years 2024 and 2025
. However, your eligibility to contribute the full amount depends on your Modified Adjusted Gross Income (MAGI) and tax filing status:
- For single filers in 2025, you can contribute the full amount if your MAGI is under $150,000. If your MAGI is between $150,000 and $165,000, your contribution limit is reduced. If your MAGI is $165,000 or more, you cannot contribute to a Roth IRA
- For married couples filing jointly in 2025, the full contribution is allowed if your MAGI is under $236,000. The contribution limit phases out between $236,000 and $246,000, and no contribution is allowed if your MAGI is $246,000 or more
- For married filing separately who lived with their spouse at any time during the year, the phase-out range is under $10,000, with no contribution allowed at or above $10,000
You can contribute up to 100% of your earned income or the maximum limit, whichever is less. Contributions must be made by the tax filing deadline (typically April 15 of the following year)
. If your income exceeds the limits for direct Roth IRA contributions, you might consider other strategies like a backdoor Roth IRA. In summary, the maximum contribution limits for 2025 are:
Age Group| Maximum Contribution (2025)
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Under age 50| $7,000
Age 50 or older| $8,000
And your ability to contribute depends on your MAGI and filing status as outlined above
