IRA Contribution Limit Calculator

2026

Check your Traditional and Roth IRA limits based on income, age, and employer plan coverage.
$
Covered by Employer Plan

Traditional IRA (Deductible)

$0.00

Roth IRA Limit

$7,500.00

Total IRA Limit

$7,500.00

IRA Contribution Options

2026 IRA Contribution Limit$7,500.00
Your Total Limit$7,500.00
Max Deductible Traditional IRA$0.00
Max Roth IRA$7,500.00
Non-Deductible Traditional IRA$7,500.00

Use the IRA Contribution Limit Calculator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

How It Works

This calculator helps you determine the maximum amount you can contribute to your Individual Retirement Account (IRA) for a given tax year. Understanding your contribution limit is crucial for maximizing your tax-advantaged retirement savings and avoiding penalties for over-contributing.

The calculator primarily considers the IRS-defined annual IRA contribution limit, your age (for catch-up contributions for those 50 and over), and your earned income for the tax year. It also takes into account any contributions made to other IRAs (like Roth or SEP IRAs) to ensure the aggregate limit isn't exceeded.

A common mistake is contributing the full amount without considering other IRA contributions made in the same year, or forgetting to account for earned income requirements. Ensure you have sufficient earned income to cover your desired contribution, as investment income or pensions generally don't count.

Example: Calculating IRA Contribution for a 45-Year-Old

  1. 1 Input: Tax Year = 2023, Age = 45, Earned Income = $70,000. (Assume no prior IRA contributions for the year).
  2. 2 The 2023 IRA contribution limit for individuals under 50 is $6,500. Since the individual's earned income ($70,000) is greater than the limit, and no other IRA contributions were made, the full limit applies.
  3. 3 Result: Your maximum IRA contribution for 2023 is $6,500.
  4. 4 Takeaway: This individual can contribute the full annual limit to their IRA, taking advantage of the tax benefits for their retirement savings.

Source: IRS · Last updated: April 2026

Frequently Asked Questions

What is the IRA contribution limit for 2026?
The 2026 IRA contribution limit is $7,000, or $8,000 if you are age 50 or older. This limit applies across all Traditional and Roth IRAs combined. It does not include rollovers or conversions.
Can I contribute to an IRA if I have a 401(k)?
Yes. You can always contribute to a Traditional IRA, but the deduction may be limited if you or your spouse are covered by a workplace plan and your income exceeds certain thresholds. Roth IRA contributions have their own income limits regardless of workplace plan coverage.
What happens if I contribute too much to my IRA?
Excess IRA contributions are subject to a 6% penalty for each year they remain in the account. To fix it, withdraw the excess plus any earnings before the tax filing deadline (including extensions). If you miss the deadline, you can apply the excess to the following year contribution.

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