IRA Eligibility Calculator

When were you born?

MM DD YYYY

Why is this important?

Your age is one of several key variables used in determining your IRA contribution eligibility and contribution amount. Traditional IRA contributions are not allowed for the year in which you reach age 70½, or for subsequent years. However, you may still be able to contribute to a Roth IRA if otherwise eligible. Also, your age is used to determine whether you are age-eligible for a catchup contribution.

Are you an active participant in an employer-sponsored retirement plan?

Yes No

Why is this important?

Participation by you and/or your spouse in an employer-sponsored retirement plan may affect deductibility of Traditional IRA contributions, depending upon your income tax filing status and modified adjusted gross income (MAGI).

Your tax filing status

Why is this important?

In certain cases, contribution limits and deductibility are affected by your federal income tax filing status.

Your spouse's date of birth

MM DD YYYY

Why is this important?

Your spouse's age is one of several key variables used in determining your spouse's IRA contribution eligibility and contribution amount. Traditional IRA contributions are not allowed for your spouse for the year in which he or she reaches age 70½, or for subsequent years. However, he or she may still be able to contribute to a Roth IRA if otherwise eligible. Also, your spouse's age is used to determine whether he or she is age-eligible for a catchup contribution.

Is your spouse an active participant in an employer-sponsored retirement plan?

Yes No

Why is this important?

Tax year

2017 2018

Why is this important?

The tax year for which you intend to contribute must be indicated in order to determine your age(s) in the contribution year, as well as reflect the accurate contribution limit(s) for the applicable year.

Estimated household modified adjusted gross income (MAGI) for year

$ .00

Why is this important?

Modified adjusted gross income (MAGI) represents adjusted gross income (AGI) before certain deductions and adjustments are considered. Your MAGI (or the joint MAGI of you and your spouse, if filing jointly) can impact both your contribution eligibility as well as your ability take a tax deduction for your contribution (in the case of Traditional IRA contributions).