IRA contribution limits & deadlines

VANDGARD.INVESTOR.COM

Annual IRA limits may seem small, but combined with tax breaks and compounding, your savings can add up significantly over time.

IRA contribution limits for 2015 & 2016

The figures below are the amounts you can contribute, in total, across all of your Roth and traditional IRAs, including those you hold at other companies.

If you're under age 50

$5,500

If you're age 50 or older

$6,500
Note: You can never contribute more than you've earned for the year.

Other contribution facts

Contributing to a Roth IRA

If you have a Roth IRA, your modified adjusted gross income (MAGI) for the year may affect whether you can contribute the maximum amount, or—if your income's high enough—exclude you from contributing to a Roth IRA altogether.

Get details on Roth IRA income limits

Contributing for a spouse

While you can contribute to an IRA for a spouse who isn't working (as long as you file a joint tax return), the total contribution for both you and your spouse can't exceed your joint taxable income or double the annual IRA limit, whichever is less.

Learn more about spousal IRAs

Contributing as a minor

Minors who want to start contributing to an IRA must abide by limits based on their income, not that of their parents.

VANGARD.

Our approach

Leaders of small and mid-sized businesses have multiple roles and competing priorities. You want a best-in-class retirement plan but may be unsure about all the complexities and requirements. You may be uncertain about the costs and fees involved. You need a provider focused solely on retirement and aligned with your needs and goals.

Vanguard is committed to the retirement business and is a leader in the retirement plan industry. Best of all, you can benefit from Vanguard's unique ownership structure: We're owned by our clients and not by outside investors or stockholders. That means you never need to question whose interests come first for us. This approach serves as a foundation for all that we do with Vanguard Retirement Plan Access™, our 401(k) offer for small and mid-sized plans. You can count on our expertise to remove the uncertainties from managing your plan and our leadership to help you offer a strong plan for your participants.