{"id":42856,"date":"2026-04-08T18:16:10","date_gmt":"2026-04-08T18:16:10","guid":{"rendered":"https:\/\/financialrush.com\/?p=42856"},"modified":"2026-04-08T18:16:10","modified_gmt":"2026-04-08T18:16:10","slug":"the-deadline-for-2025-ira-contributions-is-april-15-who-qualifies","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=42856","title":{"rendered":"The deadline for 2025 IRA contributions is April 15. Who qualifies"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108288065\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Whitetea | E+ | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>As the <a href=\"https:\/\/www.cnbc.com\/2026\/01\/08\/irs-accepting-tax-returns.html\">April 15 tax deadline<\/a> approaches, some investors will soon make a last-minute <a href=\"https:\/\/www.cnbc.com\/ira\/\">individual retirement account<\/a> contribution.<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/taxes\/\">Tax day<\/a> is the deadline for <a href=\"https:\/\/www.irs.gov\/retirement-plans\/plan-participant-employee\/retirement-topics-ira-contribution-limits\" target=\"_blank\">2025 IRA contributions<\/a>, which typically brings a surge in deposits \u2014 and this season is no different, according to Fidelity Investments.<\/p>\n<p>During the two weeks before March 20, average IRA contributions were up 18% compared to the previous five weeks, Fidelity data found. Nearly three-quarters of those deposits went to <a href=\"https:\/\/www.cnbc.com\/roth-ira\/\">after-tax Roth IRAs<\/a> vs. traditional pre-tax IRAs.\u00a0<\/p>\n<p>Whether you&#8217;re eyeing a Roth or traditional IRA contribution, it&#8217;s important to &#8220;know your numbers,&#8221; Rita Assaf, vice president of retirement offerings at Fidelity Investments, told CNBC.<\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"RelatedContent-relatedContent\" id=\"RegularArticle-RelatedContent-1\">\n<div class=\"RelatedContent-container\">\n<div class=\"RelatedContent-nonCollapsibleContent\">\n<h2 id=\"read-more-cnbc-personal-finance-coverage\" class=\"RelatedContent-header\">Read more CNBC personal finance coverage<\/h2>\n<div class=\"group\">\n<ul>\n<li><a href=\"https:\/\/www.cnbc.com\/2026\/04\/06\/average-tax-refund.html\">Average tax refund is up $350 compared to last year as IRS deadline nears<\/a><\/li>\n<li><a href=\"https:\/\/www.cnbc.com\/2026\/04\/06\/treasury-trump-accounts-bny-robinhood.html\">Robinhood, BNY to build Trump accounts app<\/a><\/li>\n<li><a href=\"https:\/\/www.cnbc.com\/2026\/04\/06\/college-graduates-job-market-unemployment.html\">New college grads face a tough job market \u2014 why unemployment hits them harder<\/a><\/li>\n<li><a href=\"https:\/\/www.cnbc.com\/2026\/04\/06\/ai-has-a-big-problem-when-it-comes-to-financial-advice-mit-professor.html\">AI has a big problem when it comes to financial advice, MIT professor says<\/a><\/li>\n<li><a href=\"https:\/\/www.cnbc.com\/2026\/04\/05\/free-tax-filing-help-retirees.html\">Older Americans can find free tax filing help as big changes hit this season<\/a><\/li>\n<li><a href=\"https:\/\/www.cnbc.com\/2026\/04\/04\/401k-balances-retirement-planning-pitfalls.html\">As 401(k) balances swell, financial experts warn of retirement planning pitfalls<\/a><\/li>\n<li><a href=\"https:\/\/www.cnbc.com\/2026\/04\/03\/teen-sports-betting-schools-financial-literacy.html\">Teen sports betting raises concerns in schools, and a financial literacy push<\/a><\/li>\n<li><a href=\"https:\/\/www.cnbc.com\/2026\/04\/02\/market-volatility-retirement-sequence-of-returns-risk.html\">Market volatility poses a serious risk for new retirees. 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What experts say<\/a><\/li>\n<li><a href=\"https:\/\/www.cnbc.com\/2026\/03\/31\/boston-fed-credit-card-aprs-have-a-meaningful-impact-on-spending.html\">Boston Fed: Credit card APRs have &#8216;economically meaningful&#8217; impact on spending<\/a><\/li>\n<li><a href=\"https:\/\/www.cnbc.com\/2025\/10\/01\/best-financial-advisors.html\">CNBC&#8217;s Financial Advisor 100: Best financial advisors, top firms ranked<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>For 2025, the <a href=\"https:\/\/www.cnbc.com\/2024\/11\/01\/ira-contribution-limits-2025.html\">IRA contribution limit<\/a> is $7,000, with an extra $1,000 for investors age 50 and older, assuming the investor has at least this much income from working.<\/p>\n<p>There&#8217;s no upfront tax break for Roth IRA contributions, but the funds grow tax-free and investors generally won&#8217;t owe taxes on withdrawals in retirement.<\/p>\n<p>By comparison, certain traditional IRA contributions provide a deduction, but the money grows tax-deferred and future withdrawals are subject to <a href=\"https:\/\/www.cnbc.com\/2025\/10\/09\/2026-federal-tax-brackets.html\">regular income taxes<\/a>.<\/p>\n<p>However, not everyone qualifies for Roth IRA contributions or the deduction for traditional IRA deposits. Here are some key things to know before making a last-minute investment.<\/p>\n<\/div>\n<h2 id=\"who-qualifies-for-2025-roth-ira-contributions\" class=\"ArticleBody-subtitle\"><a id=\"headline0\"\/>Who qualifies for 2025 Roth IRA contributions<\/h2>\n<div class=\"group\">\n<p>Your eligibility for Roth IRA contributions depends on earnings, and many investors overestimate how much they can deposit, according to Assaf with Fidelity Investments.<\/p>\n<p>&#8220;Part of the struggle&#8221; is eligibility is based on &#8220;<a href=\"https:\/\/www.irs.gov\/credits-deductions\/modified-adjusted-gross-income\" target=\"_blank\">modified adjusted gross income<\/a>,&#8221; or MAGI, which can be confusing to calculate, she said.<\/p>\n<p>Plus, there are different versions of the MAGI calculation, which vary by tax break, according to the IRS.<\/p>\n<p>For Roth IRA contributions, the number starts with your <a href=\"https:\/\/www.irs.gov\/filing\/adjusted-gross-income\" target=\"_blank\">adjusted gross income<\/a> (line 11a on your 2025 tax return), then adds back certain tax breaks, such as deductions for IRA contributions, student loan interest and others. The calculation also subtracts income from <a href=\"https:\/\/www.cnbc.com\/2025\/10\/20\/roth-conversions-year-end.html\">Roth conversions<\/a> and retirement plan rollovers.<\/p>\n<\/div>\n<div class=\"group\">\n<p>For 2025, <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/p590a.pdf\" target=\"_blank\">you can contribute<\/a> up to $7,000 (or $8,000 if age 50 or older) into a Roth IRA if your MAGI is less than $150,000 for single filers or under $236,000 for married couples filing jointly.<\/p>\n<p>The contribution limit phases out, or gets smaller, as MAGI rises, with a complete phaseout at $165,000 for single filers and $246,000 for married couples filing together.  <\/p>\n<\/div>\n<h2 id=\"who-is-eligible-for-the-2025-traditional-ira-deduction\" class=\"ArticleBody-subtitle\"><a id=\"headline1\"\/>Who is eligible for the 2025 traditional IRA deduction<\/h2>\n<div class=\"group\">\n<p>Anyone with earned income can make traditional pre-tax IRA contributions, but the deduction <a href=\"https:\/\/www.cnbc.com\/2022\/11\/04\/how-to-qualify-for-a-deduction-for-ira-contributions-.html\">depends on your MAGI<\/a> and participation in workplace retirement plans. <\/p>\n<p>Workplace plan participation could include you or your spouse&#8217;s 401(k) contributions, company matches, profit-sharing or other employer deposits.\u00a0With a company plan, your traditional IRA deduction phases out, depending on your filing status and MAGI.<\/p>\n<\/div>\n<div class=\"group\">\n<p>However, there&#8217;s more to consider than a possible current-year IRA contribution deduction. You should weigh your investing goals, current and future income tax brackets, along with possible tax diversification across accounts, experts say. <\/p>\n<p>&#8220;Don&#8217;t just rush to contribute because of the deadline,&#8221; said certified financial planner Joon Um, managing owner of financial firm Secure Tax and Accounting in Hayward, California. &#8220;Make sure it actually fits your situation.&#8221;<\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108253288\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108253288\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000401011\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\"><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.cnbc.com\/2026\/04\/08\/ira-contribution-deadline-april-15.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Whitetea | E+ | Getty Images As the April 15 tax deadline approaches, some investors will soon make&hellip;\n","protected":false},"author":3,"featured_media":42857,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":{"0":"post-42856","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"cs-entry","9":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/42856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42856"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/42856\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/42857"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}