The IRS has set new income thresholds for 2026 that determine who can contribute to traditional and Roth IRAs. These limits change annually based on inflation, and exceeding them can eliminate or reduce your ability to save in these accounts.
For married couples filing jointly in 2026, the income limits shift upward compared to 2025. Those filing as married filing jointly face phase-out ranges that begin at higher income levels, allowing higher earners more room to contribute. Single filers and heads of household see their own distinct thresholds. If you're married filing separately, the limits remain restrictive.
The distinction matters because it affects your retirement savings strategy. Roth IRA contributions phase out at different income levels than traditional IRA deductions. If your income exceeds the limit for a Roth IRA, you cannot contribute directly, though backdoor Roth strategies exist as workarounds. Traditional IRA contributions remain possible at any income level, but the tax deduction disappears if you earn too much and have access to a workplace retirement plan like a 401(k).
For those near the phase-out ranges, timing matters. You have until the tax filing deadline in April to make 2026 contributions. If you expect a bonus or large income event, you might push over the limit mid-year. Conversely, if you're self-employed with variable income, you won't know your final earnings until year-end.
Higher earners should plan ahead. Knowing these thresholds helps you decide whether to maximize backdoor Roth conversions or redirect savings into employer 401(k) plans, which have no income limits. You can contribute up to $7,000 annually to either account type in 2026 (or $8,000 if age 50 or older).
Review your 2025 tax return now to