Help & Support
Personal
Traditional IRAs
Funding Eligibility
Earned Income
As a general rule, you must have earned income from working to be eligible to fund a Traditional IRA.
However, if you are married and file a joint tax return with your spouse, you can meet this requirement
based on your own earned income or the earned income of your spouse. The maximum amount you, as an
individual, can contribute for a given year is the lesser of the applicable federal limit for that tax year
or 100% of your earned income.
| Maximum IRA Contribution | |||
|---|---|---|---|
| 2026 | 2025 | ||
| < Age 50 | Age 50 or Older | < Age 50 | Age 50 or Older |
| $7,500 | $8,600 | $7,000 | $8,000 |
Roth IRAs
Funding Eligibility
You must meet two basic requirements to be eligible to fund a Roth IRA.
Requirement #1: Earned Income
As a general rule, you must have earned income from working to be eligible to fund a Roth IRA.
If you are married and file a joint tax return with your spouse, you may still be eligible to fund a Roth IRA,
even if you don’t personally have earned income, provided your spouse has earned income from working.
Requirement #2: Income Within Permissible Range
If you have earned income, you are typically eligible to fund a Roth IRA (regardless of age) provided your
modified adjusted gross income for the year does not exceed the applicable eligibility threshold. The income
threshold varies based on your tax-filing status. The chart below summarizes the Roth IRA eligibility thresholds
for 2025 and 2026.
| Filing Status | Tax Year | Full Contribution | Partial Contribution | Ineligible |
|---|---|---|---|---|
| Single | 2026 | $153,000 or Less | $153,000 – $168,000 | $168,000 or More |
| 2025 | $150,000 or Less | $150,000 – $165,000 | $165,000 or More | |
| Married Filing Joint | 2026 | $242,000 or Less | $242,000 – $252,000 | $252,000 or More |
| 2025 | $236,000 or Less | $236,000 – $246,000 | $246,000 or More | |
| Married Filing Separate | 2026 | Not Applicable | $0 – $10,000 | $10,000 or More |
| 2025 | Not Applicable | $0 – $10,000 | $10,000 or More |
The maximum annual contribution an individual can make for 2025 is $7,000 (for those under age 50) and
$8,000 (for those age 50 or older); for 2026 is $7,500 (for those under age 50) and $8,600 (for those age
50 or older).