For 2026, verify the current IRA contribution limit directly on the IRS website — limits adjust for inflation annually. As a reference point, the 2025 limit was $7,000 per year ($8,000 if age 50 or older). The IRS publishes updated figures each fall for the following year. Always check irs.gov for the current-year amount before contributing.
IRA contribution limits adjust for inflation each year and are announced by the IRS in the fall for the following tax year. The canonical source is the IRS IRA Contribution Limits page — that page is updated annually and reflects the current confirmed figure. The information below explains how the limit system works and provides the most recent publicly confirmed figures.
The Roth IRA limit begins to phase out at higher incomes. For 2025: single filers phase out between $150,000 and $165,000 MAGI; married filing jointly between $236,000 and $246,000. Above the upper threshold, direct Roth IRA contributions are not permitted. (A backdoor Roth IRA — contributing to a traditional IRA and then converting — is a separate strategy; the tax implications are complex and should be reviewed with a CPA.) Income does not restrict *traditional* IRA contributions, though the deductibility of traditional IRA contributions phases out for those covered by a workplace plan.
If you (or your spouse) are covered by a workplace retirement plan, the deduction for traditional IRA contributions phases out at certain MAGI levels. For 2025: single filers phase out between $79,000 and $89,000; married filing jointly (covered by a workplace plan) between $126,000 and $146,000. Even if you cannot deduct a traditional IRA contribution, you can still make a non-deductible contribution — though the tax benefit is reduced. The IRS Traditional IRA page and IRS Publication 590-A cover the full rules.
The IRS typically announces the next year's contribution limits in October or November. As of this writing, the 2026 IRA contribution limit has not yet been officially published. Check the IRS IRA contribution limits page directly for the confirmed 2026 figure before making contributions.
This page provides the 2025 limits as a reference point. The 2026 limit may be the same or higher depending on the IRS cost-of-living adjustment. ClearValue Lending is not a tax advisor. Confirm the current-year limit at irs.gov or consult a CPA before contributing — excess contributions to an IRA are subject to a 6% excise tax per year until corrected.
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