Roth IRA Contribution Limits for 2024 and 2025

Concept art showing the phrase Roth IRA spelled out next to some money.

(Image credit: Getty Images)

last updated 24 January 2025

Contributions from

Roth IRAs are a great way to save for retirement, allowing you to contribute after-tax dollars to an account in which the contributions and earnings grow tax-free. The contribution limits for 2025 are unchanged from 2024, the I.R.S. recently announced.

Don't forget you can open and contribute to a 2025 Roth IRA until the due date of your 2025 tax return on Tuesday April 15, 2026.

Here's what you need to know about 2025 Roth IRA contribution and income limits.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-200-80.png

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

2025 Roth IRA contribution limits and income limits

The maximum amount you can contribute to a Roth IRA for 2025 is $7,000 if you're younger than age 50. This is unchanged from 2024. If you're age 50 and older, you can add an extra $1,000 per year in "catch-up" contributions, bringing the total contribution to $8,000.

The actual amount that you are allowed to contribute to a Roth IRA is based on your income. To be eligible to contribute the maximum amount in 2025, your modified adjusted gross income (MAGI) must be less than $150,000 (up from $146,000 in 2024) if single or less than $236,000 (versus $230,000 in 2024) if married and filing jointly.

Contributions begin phasing out above those amounts, and you can't put any money into a Roth IRA once your income reaches $165,000 if a single filer or $246,000 if married and filing jointly in 2025.

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 up-front 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.

Swipe to scroll horizontally

Roth IRA Pros and Cons
Roth IRA Pros	Roth IRA Cons
Tax-free growth	Taxable contributions
Qualified distributions are tax free	Not available for high-income earners
Contribute to another person's Roth account as a gift	Lower income limits to contribute
No required minimum distributions (RMDs) after age 73	Rollovers from traditional plans are taxable
Contributions can be withdrawn at any time, penalty- and tax-free	Earnings can’t be withdrawn tax-free until the account is at least five years old and you are age 59-½.
Offers tax diversification in retirement	Relatively low contribution maximums
Row 7 - Cell 0	Row 7 - Cell 1

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 $7,000, whichever is less.

Financial experts generally recommend Roths 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.

Unless Congress intervenes, current income tax rates are supposed to sunset at the end of 2025 and revert to 2017 income tax rates beginning January 1, 2026. If that happens, here’s a sample of what you can expect: The current 12% rate becomes 15%, the 22% rate rises to 25%, and the 24% rate jumps to 28%.

Roths 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. For each year that you're able, aim to hit the $7,000 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.

TOPICS