What are the IRA income limits for 2017?
Andrew Ramirez
Published Apr 04, 2026
The income limits for determining the deductibility of traditional IRA contributions in 2017 have increased. If your filing status is single or head of household, you can fully deduct your IRA contribution up to $5,500 in 2017 if your MAGI is $62,000 or less (up from $61,000 in 2016).
Is there an income limit to contribute to traditional IRA?
There are no income limits for Traditional IRAs,1 however there are income limits for tax deductible contributions. If your modified adjusted gross income is more than $124,000 but less than $139,000, a partial contribution is allowed in 2020.
What is the income limit for IRA contribution 2018?
The Roth income limits, and how to get around them
| Tax Filing Status | 2018 Roth IRA Full Contribution AGI Limit | Phase-Out Limit |
|---|---|---|
| Single or Head of Household | $120,000 | $135,000 |
| Married Filing Jointly | $189,000 | $199,000 |
| Married Filing Separately | $0 | $10,000 |
There are no income limits for Traditional IRAs,1 however there are income limits for tax deductible contributions. If you are married and filing jointly, you can make a full contribution to a Roth IRA if your modified adjusted gross income is less than $196,000 in 2020.
For 2018, the income limits are: $31,500; single and married filing separate. $47,500; head of household. $63,000; married filing jointly.
What’s the income limit for a Roth IRA in 2017?
Those limits are generally $5,500 for both the 2016 and 2017 tax years if you’re under age 50, or $6,500 if you’re 50 or older. However, there are additional restrictions on how much you can put in a Roth IRA if your income is above certain levels.
Are there limits on how much you can contribute to a traditional IRA?
For 2018, 2017, 2016 and 2015, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can’t be more than: The IRA contribution limit does not apply to: Your traditional IRA contributions may be tax-deductible.
When to make IRA contributions for 2016 tax year?
You can make contributions for a given tax year anytime before that year’s regular tax deadline in April. For example, the deadline to file a 2016 tax return is April 18, 2017, so you can make IRA contributions for the 2016 tax year until that date.
Can a 70 year old contribute to a traditional IRA?
You can’t make regular contributions to a traditional IRA in the year you reach 70½ and older. However, you can still contribute to a Roth IRA and make rollover contributions to a Roth or traditional IRA regardless of your age.
