How much may you be able to contribute to your IRA this year? How much of your Traditional IRA contribution will be tax deductible? Enter the information below and hit "Results" to get an estimate.

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Roth IRA

Choose a year:

Based on the information you supplied you may be eligible to contribute up to:2,5

Traditional IRA

Choose a year:

Based on the information you supplied you may be eligible to contribute up to:2,5

Amount that may be tax deductible:4

Important Information
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Note: The IRA Contribution Calculator is intended to serve as an educational tool, not investment or tax advice. Your circumstances are unique and you should consult your tax advisor. Because your circumstances will probably change over time, it is a good idea to review your financial strategy periodically to be sure it continues to fit your situation.

1. For more information, please see IRS Publication 590 or consult your tax advisor. Results based on information provided.

2. If you are 50 or older in the year for which you are contributing, the maximum annual contribution amount includes a catch-up contribution of $1,000. Contributions may not be made to Traditional IRAs beginning the year you reach age 70½ and thereafter.

3. Adjusted gross income, as modified per IRS requirements. At least one spouse must have earned income to be eligible to contribute to an IRA. For more information, please see IRS Publication 590 or consult your tax advisor.

4. For a Traditional IRA, full deductibility of a contribution for 2013 is available to active participants whose 2013 Modified Adjusted Gross Income (MAGI) is $59,000 or less (single) or $95,000 or less (joint); partial deductibility for MAGI up to $69,000 (single) and $115,000 (joint). For tax year 2014, full deductibility is available to active participants whose 2014 Modified Adjusted Gross Income (MAGI) is $60,000 or less (single) or $96,000 or less (joint); partial deductibility for MAGI up to $70,000 (single) and $116,000 (joint). In addition, for married taxpayers filing jointly, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer-sponsored plan whose MAGI is less than $178,000 in 2013 and $181,000 for 2014; partial deductibility for MAGI up to $188,000 in 2013 and $191,000 in 2014.

5. For more information on selecting a Traditional versus a Roth IRA, see the Traditional vs. Roth chart on Fidelity.com and consult your tax advisor.

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Please correct the following:


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Why this is important.

Your age can impact eligibility as well as the maximum amount you're able to contribute.

* See footnote 2 in Important Information.

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Why this is important.

Your tax-filing status will help determine the applicable income ranges for both Roth IRA contribution eligibility and the potential for tax deductibility of a Traditional IRA contribution. This calculator does not address the Married, Filing Separately tax filing status. If you are married and filing separately and your MAGI is greater than $10,000, you may not be eligible to contribute to a Roth IRA or deduct your contribution to a Traditional IRA. For more information, please consult your tax advisor.

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Why this is important.

Your MAGI may impact your eligibility to contribute to a Roth IRA or the deductibility of your contribution to a Traditional IRA.

* See footnote 3 in Important Information.

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Why this is important.

If you are covered by an employer-sponsored plan such as a 401(k) or a 403(b), deductibility of your contribution to a Traditional IRA is tied to your MAGI.

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Due to your Modified Adjusted Gross Income (MAGI) you are not eligable to contribute to a Roth IRA.

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Because you are age 70.5 or older this year, you are ineligible to contribute to a Traditional IRA

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If you are 70 1/2 or older within the calendar year, you will not be able to contribute to a Traditional IRA.