IRA Contribution Calculator (2025)
Calculate IRA contribution limits, Roth IRA eligibility, and Traditional IRA deductibility based on income and filing status.
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IRA Contribution Guide 2025
What's the key thing to understand about IRA Basics?
An Individual Retirement Account (IRA) is a US tax-advantaged retirement account separate from any workplace 401(k). 2025 contribution limit: $7,000 across all your IRAs combined. Catch-up if 50+: additional $1,000 (total $8,000). This is COMBINED — if you have both a Traditional and Roth IRA, you split the $7,000 between them. Must have earned income at least equal to your contribution. A spouse who doesn't work can still contribute via Spousal IRA if their working spouse has earned income.
What should I know about Roth IRA Income Limits 2025?
Roth IRA contributions phase out at higher incomes. 2025 phase-out: Single/HoH: full contribution under $150,000 MAGI; phases out to $0 by $165,000. Married filing jointly: full under $236,000; phases out to $0 by $246,000. Married filing separately: phases out from $0 to $10,000 (almost always blocked). Earn over these limits and you can't contribute to Roth IRA directly — but the 'backdoor Roth' workaround is legal and well-established (see below).
What's the key thing to understand about Traditional IRA Deductibility 2025?
Traditional IRA contributions may or may not be tax-deductible depending on income AND whether you're covered by a workplace plan. If NEITHER you nor spouse has workplace plan: fully deductible regardless of income. If you have workplace plan: deduction phases out single $79,000-$89,000; MFJ $126,000-$146,000. If only spouse has workplace plan: phases out $236,000-$246,000. Note: non-deductible Traditional IRA contributions are still allowed — they create 'basis' for tax purposes and form the foundation for a future backdoor Roth conversion, since after-tax contributions can later be converted without additional tax on that already-taxed portion.
What's the key thing to understand about The Backdoor Roth IRA?
High earners blocked from direct Roth contributions can use the backdoor Roth: (1) Contribute to a non-deductible Traditional IRA ($7,000 limit). (2) Immediately convert that Traditional IRA to a Roth IRA. Since the contribution was non-deductible, the conversion is mostly tax-free (only any growth between contribution and conversion is taxable). This is explicitly legal and acknowledged by the IRS. Watch out: the 'pro-rata rule' makes this messy if you have OTHER pre-tax IRA money. If you have other pre-tax IRA balances, the pro-rata rule means any conversion is taxed proportionally across all your IRA money, not just the new after-tax contribution, which can create an unexpected tax bill.