Can I contribute to a Roth IRA?
Maybe. It depends on your particular circumstances. You must have earned income during the year (typically, wages or self-employment income). Beyond that, your eligibility for a Roth IRA will hinge on two primary considerations: your adjusted gross income for the year and your income tax filing status. In a given tax year, it's possible you may qualify to contribute the maximum amount allowed by law, a lesser amount, or nothing at all. The maximum contribution is $7,500 in 2026 (up from $7,000 in 2025). In addition, if you're age 50 or older, you can make an extra "catch-up" contribution of $1,100 in 2026 (up from $1,000 in 2025).
|
If your filing status is: |
Your ability to contribute to a Roth IRA is limited if your modified adjusted gross income is from: |
You cannot make a contribution to a Roth IRA if your modified adjusted gross income is: |
|
Single or head of household |
$153,000 to $167,999 |
$168,000 or more |
|
Married filing jointly or qualifying widow(er) |
$242,000 to $251,999 |
$252,000 or more |
|
Married filing separately |
$0 to $9,999 |
$10,000 or more |
Your allowable Roth IRA contribution for a given year may be reduced by contributions made to other IRAs during the same tax year. For example, even if you qualify to contribute the full $7,500 to a Roth IRA in 2026, you will be able to put in only $1,500 if you've already contributed $6,000 to your traditional IRA for that same year (assuming you're not age 50 or older in 2026).
