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Roth IRA Contribution


Roth IRA Contribution Limits & Deadlines

 
Tax Year Maximum Contribution
(if under age 50)
Maximum Contribution
(if over age 50)
Contribution Deadline
2018 $5,500 $6,500 04/15/2019
2017 $5,500 $6,500 04/17/2018
Contribute to Roth at any Age. 


Deadline to open a Roth IRAApril 15 of next year, no extension.

Deadline to contribute to a Roth IRA: April 15 of next year, no extension.

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Roth IRAs must be established by the tax filing deadline (without extensions) for the tax year in which your qualifying contribution(s) will apply. Applications postmarked by this date (4/17/2018 for the 2017 tax year, and 4/15/2019 for the 2018 tax year) will be accepted.

  • Taxable compensation is required to make Roth IRA contributions.  An individual can contribute 100% of their taxable compensation up to the contribution limit.  Taxable compensation is generally defined as income from wages, salaries, tips, or other taxable employee pay.  It does not include interest or dividend income, retirement income, social security, unemployment, child support or alimony.
  • The AGI phase-out range for taxpayers making contributions to a Roth IRA in 2018 is  $189,000 to $199,000 for married couples filing jointly. In 2017, the range was $186,000 - $196,000.
  • For singles and heads of household, the income phase-out range for 2018 is $120,000 to $135,000. In 2017, the range was $118,000 - $133,000.
  • For a married individual filing a separate return, the phase-out range is not subject to an annual cost-of-living adjustment and remains $0 - $10,000.
  • Contributions to a Roth IRA are not tax deductible.
  • Contribute to a Roth IRA at any age.
  • The IRA contribution limit does not apply to rollovers, transfers, and qualified reservist repayments.

Contributions to Roth IRAs may be limited or phased out depending on the individuals modified adjusted gross income (MAGI)
  • The AGI phase-out range for contributions to a Roth IRA for married couples filing jointly is $189,000 to $199,000.
  • For singles and heads of household, the income phase-out range is $120,000 to $135,000.

Note - you must qualify to contribute to a Roth IRA. Publication 590 Annual Limit applies to the combined Traditional and Roth IRAs of an individual.

Learn more about Roth IRAs
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