critical message

Please review the highlighted section below and correct any missing information.Please review the highlighted sections below and correct any missing information.

Learn which IRA might be right for you and how much you may be able to contribute.

Do you want to know how much you may be eligible to contribute to your IRA this year and whether or not you can deduct your contribution? It may be as easy as answering these simple questions:

Why is this
important?

Your age can impact eligibility as well as the maximum amount you're able to contribute. Eligibility for catch-up contributions is based on attaining age 50 by the end of the current year.

  • See footnote 2 in Footnotes and Important Information

Why is this
important?

Your tax-filing status will help determine the applicable income ranges for both Roth IRA contribution eligibility and the potential for tax deductibility of a Traditional IRA contribution. This calculator does not address the Married, Filing Separately tax filing status. If you are married and filing separately, review form 1040 and its instructions available on the IRS.gov website. For more information, please consult your tax advisor.

critical Please select a Tax Filing Status

Why is this
important?

If you or your spouse are covered by an employer plan such as a 401(k) or a 403(b), deductibility of contributions to a Traditional IRA may be limited. This calculator does not take that situation into account. Please see publication 590-A on IRS.gov for detailed information.

You are considered covered if you or your employer has contributed to a retirement plan. (e.g. 401K, SEP, Simple IRA, Pension, etc.)

critical Please select an Employer-Sponsored Plan

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Why is this
important?

AGI stands for adjusted gross income.

MAGI stands for modified adjusted gross income. Refer to Form 1040 and publication 590-A for additional information.

  • See footnote 3 in Footnotes and Important Information.

critical Your specific MAGI is needed in order to calculate a partial contribution answer or a partial deductibility answer.

IRA Contribution Calculator - Your Results

Whether or not you contribute to an employer sponsored plan, you can contribute to a Traditional IRA. You may be able to contribute to a Roth IRA if your annual income does not exceed the maximum for eligibility. The maximum combined contribution amount to both your Roth and traditional IRAs must be the lesser of either 100% of your earned income or the annual contribution limit ($7,000 if you are under 50; $8,000 if you are 50 or older).

2024

Roth IRA Potential:

Based on the information you supplied you may
be eligible to contribute up to: 2,5

 or 

Traditional IRA Potential:

Based on the information you supplied you may
be eligible to contribute up to: 2,5

Amount that may be tax deductible: 4

 or 

IRA Contribution Calculator

Note: The IRA Contribution Calculator is intended to serve as an educational tool, not investment or tax advice. Your circumstances are unique and you should consult your tax advisor. Because your circumstances will probably change over time, it is a good idea to review your financial strategy periodically to be sure it continues to fit your situation.

1. For more information, please see IRS Publication 590-A or consult your tax advisor. Results based on information provided.

2. If you are 50 or older in the year for which you are contributing, the maximum annual contribution amount includes a catch-up contribution of $1,000. Traditional IRA contributions can be made at any age provided you have earned income.

3. Adjusted gross income, as modified per IRS requirements. This calculator assumes your Modified Adjusted Gross Income (MAGI) is equal to your taxable compensation when determining contribution eligibility. This may not be true for your situation. At least one spouse must have taxable compensation to be eligible to contribute to an IRA. For more information, please see IRS Publication 590 or consult your tax advisor.

4. For a traditional IRA, full deductibility of a 2024 contribution is available to covered individuals whose 2024 Modified Adjusted Gross Income (MAGI) is $123,000 or less (joint) and $77,000 or less (single); partial deductibility for MAGI up to $143,000 (joint) and $87,000 (single). In addition, full deductibility of a contribution is available for non-covered individuals whose spouse is covered by an employer sponsored plan for joint filers with a MAGI of $230,000 or less in 2024; and partial deductibility for MAGI up to $240,000. If neither you nor your spouse (if any) is a participant in a workplace plan, then your traditional IRA contribution is always tax deductible, regardless of your income.

For 2025, full deductibility of a contribution is available to covered individuals whose 2025 Modified Adjusted Gross Income (MAGI) is $126,000 or less (joint) and $79,000 or less (single); partial deductibility for MAGI up to $146,000 (joint) and $89,000 (single). In addition, full deductibility of a contribution is available for non-covered individuals whose spouse is covered by an employer sponsored plan for joint filers with a MAGI of $236,000 or less in 2025; and partial deductibility for MAGI up to $246,000. If neither you nor your spouse (if any) is a participant in a workplace plan, then your traditional IRA contribution is always tax deductible, regardless of your income.

5. For a Roth IRA, eligibility for a full 2024 contribution is available to joint filers whose 2024 MAGI is $230,000 or less ($230,000-$240,000 for a partial contribution). For single filers, full eligibility is available to those whose 2024 MAGI is $146,000 or less ($146,000-$161,000 for a partial contribution).

For 2025, eligibility for a full Roth IRA contribution is available to joint filers whose 2025 MAGI is $236,000 or less ($236,000-$246,000 for a partial contribution). For single filers, full eligibility is available to those whose 2025 MAGI is $150,000 or less ($150,000-$165,000 for a partial contribution).

6. For more information on selecting a Traditional versus a Roth IRA, see Fidelity's IRA Comparison page and consult your tax advisor.




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Footnotes and Important Information

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If you are 70 1/2 or older within the calendar year, you will not be able to contribute to a Traditional IRA.