Roth IRA Thresholds
& Traditional IRA Thresholds
We have compiled the thresholds for contributions to Roth IRA and Traditional IRA pension plans.
This will offer an insight to which ivestment plan may work better for you. See our overview of their differences alongside our Roth IRA vs Traditional IRA calculator for a more visual representation between the two and their growth over time.
Roth IRA Thresholds
Below are the thresholds for Roth IRA contributions.
We have included the threshold for previous tax years so you can see a visual representation of how these thresholds change yearly.
Traditional IRA Threshold
Traditional IRA Contributions are not limited by your MAGI. This means that anyone with an earned income is eligable to make contributions to a Traditional IRA
The caviate to Traditional IRAs is as your MAGI increases beyond specific thresholds this will decrease the amount you can deduct against your tax
We have included the threshold for previous tax years so you can see a visual representation of how these thresholds change yearly.
Traditional IRA Threshold (Married Filing Seperately)
Regarding married filing seperately there are two thresholds displayed below:
| Modified Adjusted Income | Allowable Deduction |
|---|---|
| under $10,000 | Partial deduction based on MAGI |
| $10,000 or over | No deduction |