2011 Combined Traditional and Roth IRA Contribution Limits:
If you are under 50 years of age at the end of 2011: The maximum contribution that can be made to a traditional or Roth IRA is the smaller of $5,000 or the amount of your taxable compensation for 2011. This limit can be split between a traditional IRA and a Roth IRA but the combined limit is $5,000.The maximum deductible contribution to a traditional IRA and the maximum contribution to a Roth IRA may be reduced depending on your modified adjusted gross income.
If you are 50 years of age or older before the end of 2011: 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 2011. This limit can be split between a traditional IRA and a Roth IRA but the combined limit is $6,000. The maximum deductible contribution to a traditional IRA and the maximum contribution to a Roth IRA may be reduced depending on your modified adjusted gross income.
2011 IRA Deduction Limits -
Effect of Modified AGI on Deduction
if You Are Covered by a Retirement Plan at Work
If you are covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction.
If Your Filing Status Is... And Your Modified AGI Is... Then You Can Take...
single or
head of household $56,000 or less a full deduction up to the amount of your contribution limit.
more than $56,000 but less than $66,000 a partial deduction.
$66,000 or more no deduction.
married filing jointly or qualifying widow(er) $90,000 or less a full deduction up to the amount of your contribution limit.
more than $90,000 but less than $110,000 a partial deduction.
$110,000 or more no deduction.
married filing separately less than $10,000 a partial deduction.
$10,000 or more no deduction.
If you file separately and did not live with your spouse at any time during the year, your IRA deduction is determined under the "Single" filing status.
2011 Deduction Limit -
Effect of Modified AGI on Deduction
if You Are NOT Covered by a Retirement Plan at Work
If you are not covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction.
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 $169,000 or less a full deduction up to the amount of your contribution limit.
more than $169,000 but less than $179,000 a partial deduction.
$179,000 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.
If you file separately and did not live with your spouse at any time during the year, your IRA deduction is determined under the "Single" filing status.
