Roth IRA Contribution Limits for 2026

Roth IRAs are a great way to save for retirement, allowing you to contribute after-tax dollars to an account where your contributions and earnings grow tax-free.

For 2026, the contribution limits for a Roth IRA are $7,500, with an additional $1,000 catch-up contribution for those aged 50 and older. You can also open and contribute to your 2026 Roth IRA until the due date of your 2026 tax return, which is Monday, April 15, 2027.

Here's what you need to know about the 2026 Roth IRA contribution and income limits.

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2026 Roth IRA contribution limits and income limits

The maximum amount you can contribute to a Roth IRA in 2026 is $7,500 (up from $7,000 in 2025) if you're under the age of 50. If you're 50 or older, you can add an extra $1,000 per year in "catch-up" contributions, bringing your total contribution to $8,500 for 2026 (up from a total contribution of $8,000 in 2025).

The actual amount you are allowed to contribute to a Roth IRA is based on your income. To be eligible to contribute the maximum amount in 2026, your modified adjusted gross income (MAGI) must be less than $150,000 if single, or less than $236,000 if married and filing jointly.

Contributions begin phasing out above these amounts, and you cannot put any money into a Roth IRA once your income reaches $165,000 if you are a single filer or $246,000 if married and filing jointly in 2026.

Roth IRAs vs. traditional IRAs: What's the difference?

Unlike contributions to a traditional IRA, which may be tax-deductible, a Roth IRA has no upfront tax break. Money goes into the Roth after it has already been taxed. But when you start pulling money out in retirement, your withdrawals will be tax-free.

Also, Roths — unlike traditional IRAs — are not subject to required minimum distributions (RMDs) after age 73.

Roths are also more flexible than traditional, deductible IRAs. You can withdraw contributions from a Roth account anytime, tax- and penalty-free. But you must be at least age 59-1/2, and you must have owned the Roth for at least five years. The clock on the five-year holding period starts ticking on January 1 of the year you open the account.

You can open a Roth IRA through a bank, brokerage, mutual fund or insurance company, and you can invest your retirement money in stocks, bonds, mutual funds, exchange-traded funds and other approved investments. You have until the federal tax filing deadline to make your Roth IRA contribution for the prior year.

Read: The Roth IRA Advantage: 10 Things Every Saver Needs to Understand

Is a Roth IRA right for you?

There isn't a minimum age limit to open a Roth IRA, and you can contribute to another person's Roth account as a gift — perfect for parents looking to kick-start a child's retirement savings. Two caveats: Recipients must have earned income, and you can only contribute an amount up to that person's annual earnings, or $7,500 in 2026 (up from $7,000 last year), whichever is less.

Financial experts generally recommend Roth IRAs for people who anticipate a greater tax burden in retirement, whether because of rising income or higher tax rates in general. By paying the taxes on those contributions while your income or tax rate is lower, you’ll reap the benefit of tax-free money later when it counts more. This is especially true for someone who plans to retire in 2026 or later.

The passage of the One Big Beautiful Bill Act has made the current income tax rates permanent, meaning that the existing rates of 12%, 22%, and 24% will remain unchanged, and taxpayers will not face a return to the higher rates from 2017 as many anticipated.

Roth IRAs can also provide valuable tax diversification in retirement and can be a great way to balance other sources of income, such as withdrawals from a 401(k) or Roth IRA and Social Security payments. For instance, those tax-free Roth withdrawals in retirement won’t contribute to your taxable income, which is used to determine how much you pay for Medicare, including any surcharges (also known as income-related monthly adjustment amounts or IRMAAs).

Finally, note that if you invest in both a Roth IRA and a traditional IRA, the total amount of money you contribute to both accounts can't exceed the annual limit. If you do exceed it, the IRS might hit you with a 6% excessive contribution penalty.

Roth IRA savings tips

To make the most of saving for retirement in your Roth IRA:

• Max out your contributions in 2026. For each year that you're able, aim to hit the $7,500 limit.
• Once you turn 50, add another $1,000 to that limit annually. You can add funds to your Roth for as long as you have earnings from work.
• Avoid withdrawing funds you contributed to your account, even though you can do so without penalties or taxes. Letting that money grow in the account over many years means a bigger nest egg in retirement.

Why you should contribute to a Roth IRA

Roth IRAs let you contribute after-tax dollars. While there are no current-year tax benefits, your contributions and earnings can grow tax-free. You can also withdraw them tax- and penalty-free after age 59-½ if the account has been open for at least five years. This makes Roth IRAs an excellent way to save for retirement.

And, with the passage of the SECURE 2.0 Act, you may be eligible to contribute to your Roth IRA using 529 rollover assets. Traditional IRAs do not qualify for this option.

Want more guidance on retirement savings? Sign up for Kiplinger's six-week series, Invest for Retirement.

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