2012 Combined Traditional and Roth IRA Contribution Limits

If you are under 50 years of age at the end of 2012: The maximum contribution that you can make to a traditional or Roth IRA is the smaller of $5,000 or the amount of your taxable compensation for 2012. This limit can be split between a traditional and a Roth IRA but the combined limit is $5,000. The maximum contribution to a Roth IRA and the maximum deductible contribution to a traditional IRA may be reduced depending upon your modified adjusted gross income (modified AGI).

If you are 50 years of age or older before the end of 2012: The maximum contribution that can be made to a traditional or Roth IRA is the smaller of $6,000 or the amount of your taxable compensation for 2012. This limit can be split between a traditional and a Roth IRA but the combined limit is $6,000. The maximum contribution to a Roth IRA and the maximum deductible contribution to a traditional IRA may be reduced depending upon your modified AGI.

See Publication 590, Individual Retirement Arrangements (IRAs), for additional information.

2012 Traditional IRA Deductible Contribution Limits

• Contribution Limits (see above)
• Effect of Modified AGI on Deductible Contributions if You ARE Covered by a Retirement Plan at Work
• Effect of Modified AGI on Deductible Contributions if You Are NOT Covered by a Retirement Plan at Work

2012 Roth IRA Contribution Limits

• Contribution Limits (see above)
• Effect of Modified AGI on Roth IRA Contributions