Artículo Is there an age limit for contributions?. Is there an age limit for contributions?

id="en_US_2025_publink1000172823"> Is there an age limit for contributions? Contributions can be made to your Roth IRA regardless of your age. Can you contribute to a Roth IRA for your spouse? You can contribute to a Roth IRA for your spouse provided the contributions satisfy the Kay Bailey Hutchison Spousal IRA limit (discussed under How Much Can Be Contributed , earlier, under Traditional IRAs ), you file jointly, and your modified AGI is less than $246,000. Compensation. Compensation includes wages, salaries, tips, professional fees, bonuses, and other amounts received for providing personal services. It also includes commissions, self-employment income, nontaxable combat pay, military differential pay, taxable alimony and separate maintenance payments, and taxable non-tuition fellowship and stipend payments. See What is compensation , earlier, for more information. Modified AGI. Your modified AGI for Roth IRA purposes is your AGI as shown on your return with some adjustments. Use Worksheet 9-2 to determine your modified AGI. Worksheet 9-2. Modified AGI for Roth IRA Purposes Use this worksheet to figure your modified AGI for Roth IRA purposes. 1. Enter your AGI from Form 1040 or 1040-SR, line 11a 1. _____ 2. Enter any income resulting from the conversion of an IRA (other than a Roth IRA) to a Roth IRA (included on Form 1040 or 1040-SR, line 4b) and a rollover from a qualified retirement plan to a Roth IRA (included on Form 1040 or 1040-SR, line 5b) 2. _____ 3. Subtract line 2 from line 1 3. _____ 4. Enter any traditional IRA deduction from Schedule 1 (Form 1040), line 20 4. _____ 5. Enter any student loan interest deduction from Schedule 1 (Form 1040), line 21 5. _____ 6. Enter any foreign earned income and/or housing exclusion from Form 2555, line 45 6. _____ 7. Enter any foreign housing deduction from Form 2555, line 50 7. _____ 8. Enter any excludable savings bond interest from Form 8815, line 14 8. _____ 9. Enter any excluded employer-provided adoption benefits from Form 8839, line 30 9. _____ 10. Add the amounts on lines 3 through 9 10. _____ 11. Enter: • $246,000 if married filing jointly or qualifying surviving spouse, • $10,000 if married filing separately and you lived with your spouse at any time during the year, or • $165,000 for all others 11. _____ Is the amount on line 10 more than the amount on line 11? If yes, then see the Note below. If no, then the amount on line 10 is your modified AGI for Roth IRA purposes. Note: If the amount on line 10 is more than the amount on line 11 and you have other income or loss items, such as social security income or passive activity losses, that are subject to AGI-based phaseouts, you can refigure your AGI solely for the purpose of figuring your modified AGI for Roth IRA purposes. (If you receive social security benefits, use Worksheet 1 in Appendix B of Pub. 590-A to refigure your AGI.) Then, go to line 3 above in this Worksheet 9-2 to refigure your modified AGI. If you don't have other income or loss items subject to AGI-based phaseouts, your modified AGI for Roth IRA purposes is the amount on line 10. How Much Can Be Contributed? The contribution limit for Roth IRAs generally depends on whether contributions are made only to Roth IRAs or to both traditional IRAs and Roth IRAs. Roth IRAs only. If contributions are made only to Roth IRAs, your contribution limit is generally the lesser of the following amounts. $7,000 ($8,000 if you are 50 or older in 2025), or Your taxable compensation. However, if your modified AGI is above a certain amount, your contribution limit may be reduced, as explained later under Contribution limit reduced . Roth IRAs and traditional IRAs. If contributions are made to both Roth IRAs and traditional IRAs established for your benefit, your contribution limit for Roth IRAs is generally the same as your limit would be if contributions were made only to Roth IRAs, but then reduced by all contributions for the year to all IRAs other than Roth IRAs. Employer contributions under a SEP arrangement or SIMPLE IRA plan don't affect this limit. This means that your contribution limit is generally the lesser of the following amounts. $7,000 ($8,000 if you are 50 or older in 2025) minus all contributions (other than employer contributions under a SEP arrangement or SIMPLE IRA plan) for the year to all IRAs other than Roth IRAs. Your taxable compensation minus all contributions (other than employer contributions under a SEP arrangement or SIMPLE IRA plan) for the year to all IRAs other than Roth IRAs. However, if your modified AGI is above a certain amount, your contribution limit may be reduced, as explained next under Contribution limit reduced . Contribution limit reduced. If your modified AGI is above a certain amount, your contribution limit is gradually reduced. Use Table 9-3 to determine if this reduction applies to you. Table 9-3. Effect of Modified AGI on Roth IRA Contribution This table shows whether your contribution to a Roth IRA is affected by the amount of your modified AGI . IF you have taxable compensation and your filing status is... AND your modified AGI is... THEN... Married filing jointly or Qualifying surviving spouse less than $236,000 you can contribute up to $7,000 ($8,000 if you are 50 or older in 2025). at least $236,000 but less than $246,000 the amount you can contribute is reduced as explained under Contribution limit reduced in chapter 2 of Pub. 590-A. $246,000 or more you can't contribute to a Roth IRA. Married filing separately and you lived with your spouse at any time during the year zero (-0-) you can contribute up to $7,000 ($8,000 if you are 50 or older in 2025). more than zero (-0-) but less than $10,000 the amount you can contribute is reduced as explained under Contribution limit reduced in chapter 2 of Pub. 590-A. $10,000 or more you can't contribute to a Roth IRA. Single, Head of household, or Married filing separately and you didn't live with your spouse at any time during the year less than $150,000 you can contribute up to $7,000 ($8,000 if you are 50 or older in 2025). at least $150,000 but less than $165,000 the amount you can contribute is reduced as explained under Contribution limit reduced in chapter 2 of Pub. 590-A. $165,000 or more you can't contribute to a Roth IRA. Figuring the reduction. If the amount you can contribute to your Roth IRA is reduced, see Worksheet 2-2 under Can You Contribute to a Roth IRA? in chapter 2 of Pub. 590-A for how to figure the reduction. When Can You Make Contributions? You can make contributions to a Roth IRA for a year at any time during the year or by the due date of your return for that year (not including extensions). . You can make contributions for 2025 by the due date (not including extensions) for filing your 2025 tax return. . What if You Contribute Too Much? A 6% excise tax applies to any excess contribution to a Roth IRA. Excess contributions. These are the contributions to your Roth IRAs for a year that equal the total of: Amounts contributed for the tax year to your Roth IRAs (other than amounts properly and timely rolled over from a Roth IRA or properly converted from a traditional IRA or rolled over from a qualified retirement plan , as described later) that are more than your contribution limit for the year; plus Any excess contributions for the preceding year, reduced by the total of: Any distributions out of your Roth IRAs for the year, plus Your contribution limit for the year minus your contributions to all your IRAs for the year. Withdrawal of excess contributions. For purposes of determining excess contributions, any contribution that is withdrawn on or before the due date (including extensions) for filing your tax return for the year is treated as an amount not contributed. This treatment applies only if any earnings on the contributions are also withdrawn. The earnings are considered to have been earned and received in the year the excess contribution was made. Applying excess contributions. If contributions to your Roth IRA for a year were more than the limit, you can apply the excess contribution in one year to a later year if the contributions for that later year are less than the maximum allowed for that year. Can You Move Amounts Into a Roth IRA? You may be able to convert amounts from a traditional, SEP, or SIMPLE IRA into a Roth IRA. You may be able to roll amounts over from a qualified retirement plan to a Roth IRA. You may be able to recharacterize contributions made to one IRA as having been made directly to a different IRA. You can roll amounts over from a designated Roth account or from one Roth IRA to another Roth IRA. Conversions You can convert a traditional IRA to a Roth IRA. The conversion is treated as a rollover, regardless of the conversion method used. Most of the rules for rollovers, described earlier under Rollover From One IRA Into Another under Traditional IRAs , apply to these rollovers. However, the 1-year waiting period doesn't apply. Conversion methods. You can convert amounts from a traditional IRA to a Roth IRA in any of the following ways. Rollover. You can receive a distribution from a traditional IRA and roll it over (contribute it) to a Roth IRA within 60 days after the distribution. Trustee-to-trustee transfer. You can direct the trustee of the traditional IRA to transfer an amount from the traditional IRA to the trustee of the Roth IRA. Same trustee transfer. If the trustee of the traditional IRA also maintains the Roth IRA, you can direct the trustee to transfer an amount from the traditional IRA to the Roth IRA. Same trustee. Conversions made with the same trustee can be made by redesignating the traditional IRA as a Roth IRA, rather than opening a new account or issuing a new contract. Rollover from a qualified retirement plan into a Roth IRA. You can roll over into a Roth IRA all or part of an eligible rollover distribution you receive from your (or your deceased spouse's): Employer's qualified pen