Traditional IRA Contribution Limits for 2017 and 2018

Traditional IRA Contribution Deadlines

Tax-year 2018 deadline is April 15th, 2019
Tax-year 20189 deadline is April 15th, 2020

Traditional IRA Conversion Deadlines

2018 Traditional to Roth IRA conversion deadline is December 31st, 2018
2019 Traditional to Roth IRA conversion deadline is December 31st, 2019

Traditional IRA Contribution Limits

	2018	2019
Up to age 50	$5,500	$6,000
Catch-Up Contributions Age 50+	$1,000	$1,000
Total Contribution if Over the Age of 50	$6,500	$7,000

Eligibility for Traditional IRA

The account holder must have taxable earned income.
The account holder must be under the age 70½ during the year of the contribution.

Other Important Information

The account must be established before the tax deadline for the year that the contribution applies.
The IRA contribution limits do not apply to transfers or rollovers.

How to Claim a Tax Deduction for your IRA Contribution

Traditional IRAs are tax-deferred, meaning that you don’t have to pay tax on any interest or other gains that the account earns until you withdraw the funds. Contributions you make to the account may entitle you to a tax deduction but has certain limitations:

If you have a retirement plan at work: Your deduction may be limited if you (or your spouse, if married) are covered by a retirement plan at work and your income exceeds the levels in the table below.
If you don't have a retirement plan at work: Your deduction is allowed in full if you (and your spouse, if married) aren’t covered by a retirement plan at work.

Traditional IRA Modified Adjusted Gross Income Limits	2018	2019
Single Active Participant	$63,000 - $73,000	$64,000 - $74,000
Married Active Participant, Filing Joint Tax Return	$101,000 - $121,000	$103,000 - $123,000
Married Active Participant, Filing Separate Tax Returns	$0 - $10,000	$0 - $10,000
Spouse of an Active Participant	$189,000 - $199,000	$193,000 - $203,000

Self-Directed IRAs

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About Entrust

Traditional IRA Contribution Limits

Traditional IRA Contribution Deadlines

Traditional IRA Conversion Deadlines

Eligibility for Traditional IRA

Other Important Information

How to Claim a Tax Deduction for your IRA Contribution

IRA Contribution Limits FAQs

Learn the answers to the most asked questions on the topic of contribution limits