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Retirement Planning > Individual Investors > Traditional IRAs What is the deadline for contributing to an IRA? What is the deadline for contributing to an IRA for 2017? How much can I contribute to IRA 2017 or 2018? What are the IRA contribution limits for 2017 and 2018?

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Traditional IRA Contribution Limits 2019

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Traditional IRA Contribution and Deduction Limits ~ 2019

How much money can I put into my IRA (if I am eligible to make a tax-deductible contribution)?

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Am I eligible to make a tax-deductible IRA contribution?

What are the IRA contribution limits for 2019? Traditional IRA Contribution Limits ~ 2019

What is the deadline for contributing to an IRA?

What is the deadline for contributing to an IRA? What is the deadline for contributing to an IRA for 2017?

2019 Traditional or Roth IRA Deadline:

You may make a contribution for your 2019 Traditional or Roth IRA at any time prior to the 2019 IRS tax filing deadline which is on Wednesday, July 15, 2020.^*

Why Should You Open an IRA? Why Should I Open an IRA?

Are you eligible to make a tax-deductible IRA contribution?

Whether or not you are eligible to make a tax-deductible IRA contribution this year depends on several factors including your income if either you or your spouse has a retirement plan at work and a number of other factors. To get started we have listed a few of the important questions that you should ask yourself, and review with your tax and/or legal advisor, to find out if you may be eligible to make a tax-deductible IRA contribution this year:

Are you (or your spouse)covered by a retirement plan at work?

What if you (or your spouse) are NOT covered by a retirement plan at work?

What does "covered by" an Employer's Retirement Plan mean?

How much can I contribute to an IRA (if I am eligible)?

Find out if you can make a tax-deductible contribution to your IRA by based on your personal situation. In addition to the effect of modified AGI on deductible contributions, you must consider whether or not either you (or your spouse) are covered by a retirement plan at work, how you file your taxes and more. Be sure to review your personal situation with your tax advisor prior to making any tax-related decisions or investments.

Is my IRA contribution deductible? Can I deduct my ira contribution? Is my Roth IRA Contribution deductible? Can I deduct the money that I put in m my Roth IRA?

How much can I contribute to IRA 2019?

What are the Traditional IRA Deduction Limits for 2019?

Effect of Modified AGI on Your Ability to Make a Tax-deductible Contribution Effect of Modified AGI on Deduction

What are the IRA contribution limits for 2017? Deductibility Limits

If You ARE Covered by a Retirement Plan at Work

If you are covered by a retirement plan at work, use this table to help determine if your modified AGI affects the amount of your deduction. Please note that the deduction is limited only if your spouse IS covered by a retirement plan (IRS).

If Your Filing Status Is...	And Your Modified AGI Is...	Then You Can Take...
Single or Head of Household	$64,000 or less	a full deduction up to the amount of your contribution limit
	more than $64,000 but less than $74,000	a partial deduction
	$74,000 or more	no deduction
Married Filing Jointly or Qualifying Widow(er)	$103,000 or less	a full deduction up to the amount of your contribution limit
	more than $103,000 but less than $123,000	a partial deduction
	$123,000 or more	no deduction
Married Filing Separately	less than $10,000	a partial deduction
Married Filing Separately	$10,000 or more	no deduction
If you file separately and did not live with your spouse at any time during the year, your IRA deduction is determined under the "single" filing status. The IRA contribution limit does not apply to Rollover contributions or Qualified reservist repayments.

2018 Traditional and Roth IRA Contribution Limits

How much can I contribute to a Traditional IRA 2017? What are the IRA contribution limits for 2017?

What are the Traditional IRA Deduction Limits for 2019?

Effect of Modified AGI on Your Ability to Make a Tax-deductible ContributionEffect of Modified AGI on Deduction

If You are NOT Covered by a Retirement Plan at Work Deductibility Limits

If you are not covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction. Please note that the deduction is limited only if your spouse IS covered by a retirement plan (IRS).

If Your Filing Status Is...	And Your Modified AGI Is...	Then You Can Take...
Single, Head of Household or Qualifying Widow(er)	any amount	a full deduction up to the amount of your contribution limit
Married Filing Jointly or Separately with a spouse who is not* covered* by a plan at work	any amount	a full deduction up to the amount of your contribution limit
Married Filing Jointly with a spouse who is covered by a plan at work	$193,000 or less	a full deduction up to the amount of your contribution limit
	more than $193,000 but less than $203,000	a partial deduction
	$203,000 or more	no deduction
Married Filing Separately with a spouse who is covered by a plan at work	less than $10,000	a partial deduction
	$10,000 or more	no deduction
If you file separately and did not live with your spouse at any time during the year, your IRA deduction is determined under the "single" filing status.

Please view IRS Publication 590: Publication 590-A (Contributions to Individual Retirement Arrangements (IRAs)) and IRS Publication 590-B Distributions from Individual Retirement Arrangements (IRAs) for more details and speak with your tax advisor prior to making any decisions.

Please be sure to look for the matching tax year when reviewing IRS Publication 590 (Publications 590-A and 590-A). We have included these links to the IRS website's pages covering Publications 590-A and 590-A for your convenience. The IRS site still shows the 2018 publications as of July 9, 2019. Please be sure to search for the most recent publications on the IRS website before making any investment or tax-related decisions.

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What are the Traditional IRA contribution limits for 2018 & 2019? How much can I contribute to IRA 2017?

Traditional IRA Contribution Limits ~ 2016, 2017 & 2018

You may make an eligible contribution for your 2019 Traditional or Roth IRA at any time prior to the 2019 IRS tax filing deadline which is Wednesday, April 15, 2020, unless special circumstances apply to your legal residence (E.g., Patriots Day or Emancipation Day). Your account must be funded or have proof of postmark by this date! For brokerage accounts - please check to see our clearing firm's required cutoff date for eligible contributions.

Please Note: For 2018 and 2019, your total contributions to all of your Traditional and Roth IRAs (combined for the given tax year) cannot be more than:

Under Age 50

Total

Under Age 50

Over Age 50

Additional

Total

Over Age 50

2019* **

$6,000

Catch-up Contribution

$1,000

$7,000

2018* **

$5,500

Catch-up Contribution

$1,000

$6,500

Source: irs.gov

"Total" means your total contributions to all of your Traditional and Roth IRAs combined for the given tax year. You cannot exceed the total amount/contribution limit regardless of how many IRAs you have or the type/types of IRA(s) that you may have.

*Or your taxable compensation for the year.

** Effective for the tax year 2002 and beyond, for participants who are eligible to make an IRA contribution and have attained the age of 50 before the end of the taxable year, the participant can make a "catch-up" contribution in addition to the normal contribution amount as shown in the table above. The catch-up contribution was $500 from 2002-2005. For the year 2006 and beyond, the catch-up contribution limit will be $1000. The maximum contribution cannot exceed 100% of your actual compensation.

Learn more about COLA Increases for Dollar Limitations on Benefits and Contributions from the IRS.

Please note that the IRA contribution limit does not apply to:

Rollover contributions
Qualified reservist repayments

Deductibility limits can be confusing and tax laws are frequently changing. It is always best to review your specific situation and/or circumstances with a qualified tax advisor.

Open an IRA online or call us at 1-800-50-PLACE or 1-919-719-7200 to speak with an experienced retirement specialist to help you roll over your old retirement account or help you start planning for retirement today!

Call us today at 1-800-50-PLACE (1-800-507-5223, 919-719-7200) for more information!

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Important Notes: IRA contribution deadline 2017

*For the 2019 tax year only, the tax filing deadline has been moved to Wednesday, July 15, 2020.

**MA residents may have additional time to make prior year IRA contributions in years when April 15th falls on a Monday (due to the Patriots Day holiday).

Please be sure to check with your tax and/or legal advisor prior to making any contributions, withdrawals or other changes to your retirement account. Place Trade Financial, Inc. does not offer tax or legal advice. Information provided by Place Trade is for educational purposes and should not be considered as tax or legal advice under any circumstances.

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Get an idea of some of the investment offerings at Place Trade by checking out the links below:

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Learn more about retirement planning by visiting some of the links below:

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What is a 401(k)?

Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:

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