How much can I contribute to my IRA in 2025?

For 2025, the combined IRA contribution limit is $7,000, or $8,000 if you're 50 or older thanks to the $1,000 catch-up. This cap is the total across all your IRAs combined – Traditional and Roth together – not per account. So you could split it, putting $4,000 in a Roth and $3,000 in a Traditional, but never more than $7,000 (or $8,000) total. You also need at least that much in earned income (wages or self-employment) to contribute; investment income doesn't count. Married couples can each contribute their own full limit, and a spousal IRA lets a non-working spouse contribute based on the working spouse's income. Roth contributions phase out at higher incomes. Contributing the maximum every year is one of the simplest, highest-impact retirement habits.