1040-US: Contribution limits for traditional and Roth IRAs

Alerts and notices


What is the overall contribution limit for traditional and Roth IRAs?


There is an overall contribution limit of $5,500 ($6,500 if 50 years of age or older) for each taxpayer and spouse that applies to contributions to traditional and Roth IRAs, subject to the taxable compensation limit. Traditional and Roth IRA contributions do not include rollovers or conversions from traditional IRAs to Roth IRAs.

Related topic: Individual retirement account FAQs (1040)