IRA Update

2019 IRA Contribution Limits & Deadlines
"How much can I contribute?" and "What's the deadline for my annual contribution?"
• Age 49 and under: $6,000
• Age 50 and over: $7,000
To make a contribution, you have to be eligible, which means you must either:
• Have earned income, or
• Have a spouse with earned income and file a joint tax return.
If you have more than one IRA (for example a traditional and a Roth), your total combined contribution to all your accounts cannot exceed the above limits.
In addition, if your income exceeds certain levels, the maximum you can contribute to a Roth IRA may be lower than the above amounts, or you may not be able to contribute to a Roth IRA at all. It's all based on your modified adjusted gross income.

Individual Filer

2019 MAGI

2019 Roth IRA Contribution Limit

Less than $122,000

Full

$122,000 - $136,999

Partial

$137,000 or more

None

Married Filing Jointly

2019 MAGI

2019 Roth IRA Contribution Limit

Less than $193,000

Full

$193,000 - $202,999

Partial

$203,000 or more

None
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