YEAR CONTRIBUTION IF UNDER THE AGE OF 50 CONTRIBUTION IF OVER THE AGE OF 50 DEADLINE TO OPEN IRA DEADLINE TO CONTRIBUTE TO IRA
2018 $5,500 $6,500 4/15/2019 4/15/2019
2019 $6,000 $7,000 4/15/2020 4/15/2020
Contributions to Traditional IRAs stop at 70.5

2019 IRA Deduction Limits IF YOU ARE COVERED BY A RETIREMENT PLAN AT WORK

If Your Filing Status Is… And Your Modified AGI Is… Then You Can Take…
Single or Head of Household $64,000 or less a full deduction up to the amount of your contribution limit.
more than $64,000 but less than $74,000 a partial deduction.
$74,000 or more no deduction.
Married Filing Jointly or Qualifying Widow(er) $103,000 or less a full deduction up to the amount of your contribution limit.
more than $103,000 but less than $123,000 a partial deduction.
$123,000 or more no deduction.
Married Filing Separately less than $10,000 a partial deduction.
$10,000 or more no deduction.

2019 IRA Deduction Limits IF YOU ARE NOT COVERED BY A RETIREMENT PLAN AT WORK

If Your Filing Status Is… And Your Modified AGI Is… Then You Can Take…
Single, Head of Household, or Qualifying Widow(er) any amount a full deduction up to the amount of your contribution limit.
Married Filing Jointly or Separately with a spouse who is not covered by a plan at work any amount a full deduction up to the amount of your contribution limit.
Married filing jointly with a spouse who is covered by a plan at work $193,000 or less a full deduction up to the amount of your contribution limit.
more than $193,000 but less than $203,000 a partial deduction.
$203,000 or more no deduction.
Married filing separately with a spouse who is covered by a plan at work less than $10,000 a partial deduction.
$10,000 or more no deduction.

The above tables were produced from the information available on www.IRS.gov . If you are looking for more updated information, please visit www.IRS.gov.