Maximum Amount allowed for IRA deductions

Timothy122855 — Mon, 23 Feb 2026 14:31:13 GMT

For 2022 I maxed out my company 401(k) of $27,000 (I'm over 50) split evenly between Roth and Traditional. Are my wife and I still able to contribute $7000 each into personal Vanguard Roth IRAs?

Thank you for your time.

Timothy

Re: Maximum Amount allowed for IRA deductions

MayaD — Mon, 20 Mar 2023 17:25:33 GMT

Yes, If eligible, you can make $6,000 regular and $1,000 catch-up IRA contributions.

Who can contribute to Roth IRA?

You can contribute at any age if you (or your spouse if filing jointly) have taxable compensation and your modified adjusted gross income is below certain amounts (see and 2022 and 2023 limits).

IRS.gov

topic Re: Maximum Amount allowed for IRA deductions in Other financial discussions

Maximum Amount allowed for IRA deductions

Re: Maximum Amount allowed for IRA deductions

Who can contribute to Roth IRA?