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Traditional & Roth IRA

Estimate contribution and deduction limits from MAGI, earned income, age, and workplace coverage.

Tax year
Age at year-end
Filing status
Modified Adjusted Gross Income (MAGI) is the figure the IRS uses to limit Traditional IRA deductions and Roth IRA contributions. It starts with adjusted gross income, then adds back certain items.

If you are unsure of your MAGI, enter your expected household income for the year.
Enter your earned income for the year. Earned income includes:

• Wages, salaries, tips
• Self-employment income
• Net earnings from a self-employed business

Note: This value will not affect MAGI above. IRA contributions are limited to the lesser of your earned income or the annual contribution limit.
Covered by a workplace retirement plan?

The annual limit is shared across Traditional and Roth IRAs. You can put it in one account or split it.

Important disclaimers

  • This calculator is provided for informational and educational purposes only and does not constitute tax, legal, accounting, or financial advice.
  • These calculations are designed to increase awareness — they are not personalized financial or investment advice.
  • Confirm contribution and deduction limits with a qualified tax advisor before making retirement decisions.

What's Next?

Key Notes

  • IRA contribution, deduction, and Roth eligibility rules are easy to get wrong. Careful planning now can help you avoid major mistakes later.
  • These figures are estimates only, based on the information you entered.
  • Consult with a qualified tax and/or financial advisor for case-specific guidance.

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