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How much can I contribute to an IRA and what is the deadline?

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IRA Contribution Limits

The IRA contribution limit applies to the total amount you can contribute across all IRAs in your name—including both Traditional and Roth IRAs—for a given tax year.

For the 2025 tax year, the contribution limit is:

  • $7,000 if you are under 50.
  • $8,000 if you are 50 or older.

For the 2024 tax year, the contribution limit was:

  • $6,500 if you were under 50.
  • $7,500 if you were 50 or older.

IRA Contribution Deadlines

You can contribute to an IRA for a given tax year until the tax filing deadline of the following year. However, deadlines vary depending on the type of IRA you are contributing to.

Standard Contribution Deadline (Traditional & Roth IRAs)

  • For the 2024 tax year, the deadline to contribute is April 15, 2025.
  • Extensions do not apply—even if you file an extension, contributions for 2024 must be made by April 15, 2025.

SEP IRA Contribution Deadline

  • SEP IRAs follow different rules. You can contribute for the 2024 tax year up until your business tax filing deadline, including extensions.
  • If you file an extension, your SEP IRA contribution deadline is extended to October 15, 2025.

Learn more about important tax deadlines.