Contribution Limits

What are the contribution limits?

For 2025, the total annual contributions to all of your traditional and Roth IRAs cannot exceed:

• $7,000 ($8,000 if you're age 50 or older), or
• Your taxable compensation for the year, whichever is less.

For 2026, the total annual contributions to all of your traditional and Roth IRAs cannot exceed:

• $7,500 ($8,600 if you're age 50 or older), or
• Your taxable compensation for the year, whichever is less.

Contribution limits apply to the total combined amount across all IRAs, not each account individually.

Are Roth IRA contributions income-restricted?

Yes. Your ability to contribute to a Roth IRA depends on your Modified Adjusted Gross Income (MAGI) and tax filing status. Based on your income, you may be eligible to make:

• A full contribution
• A partial contribution, or
• No contribution

For current IRS income thresholds and phase-out ranges, visit irs.gov or consult a tax professional.

What are the contribution deadlines?

The IRS deadline to make an IRA contribution, including prior-year contributions, is the federal tax filing deadline, typically April 15. If the date falls on a weekend or holiday, the deadline is extended to the next business day.

• For the 2025 tax year: You can make IRA contributions until April 15, 2026.
• For the 2026 tax year: You can make IRA contributions until April 15, 2027.

In federally declared disaster situations, the IRS may extend contribution deadlines. For updates and eligibility, visit irs.gov.

What is a prior-year IRA contribution?

A prior-year IRA contribution is a deposit made between January 1 and the tax filing deadline that is designated for the previous tax year. For example, contributions made in early 2026 can be applied to the 2025 tax year if properly designated.

Is there a cutoff time on the deadline date?

Yes. To be considered valid, prior-year IRA contributions must be deposited by 4:00 PM Eastern Time on the tax filing deadline. Contributions received after this time will be applied to the current tax year.

What if I contribute more than the allowed limit?

If you exceed the annual contribution limit, you must remove the excess amount by your tax filing deadline, including extensions, to avoid IRS penalties.

For step-by-step instructions, refer to our Removing Excess Contributions page.

What if I contributed to the wrong type of IRA?

If you mistakenly contributed to a Roth IRA instead of a Traditional IRA (or vice versa), you have two options:

1. Remove the contribution as an excess contribution.
2. Recharacterize the contribution to the correct IRA type.

To learn more about either option, visit our pages on:

• Removing Excess Contributions
• IRA Recharacterizations

Where can I find more details?

For comprehensive IRS guidelines, refer to: IRS Publication 590-A – Contributions to Individual Retirement Arrangements

Webull Financial does not offer tax advice. Any integration with third-party tax software is provided for informational purposes only. For any questions about taxes, including how to file, you should contact a tax professional.