IRA Calculator
Estimate your 2026 traditional IRA contribution limit, deductible amount and long-term growth using compensation, age, MAGI and workplace-plan coverage.
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Traditional IRA Contribution vs Deduction
A traditional IRA has two separate questions: how much you may contribute and how much of that contribution may be deductible. For 2026, the combined IRA contribution limit is $7,500, or $8,600 for eligible people age 50 or older, and it cannot exceed eligible taxable compensation.
The deduction can be reduced when you or your spouse is covered by a retirement plan at work and modified AGI falls in a phase-out range. This calculator estimates both the annual contribution cap and the deductible portion of the contribution you enter.
2026 Deduction Phase-Outs
For a contributor covered by a workplace retirement plan, the 2026 deduction phase-out is $81,000 to $91,000 for single or head-of-household filers and $129,000 to $149,000 for married filing jointly. When the contributor is not covered but a spouse is covered, the joint phase-out is $242,000 to $252,000. Married filing separately generally uses a $0 to $10,000 range when the workplace-plan rule applies.
Deductible and Nondeductible Contributions
If the estimated deduction is less than the contribution, the difference may be a nondeductible traditional IRA contribution. Nondeductible basis generally needs to be tracked for tax purposes, commonly using Form 8606. The calculator does not determine whether a contribution is advisable or model a future Roth conversion.
Long-Term Projection
The growth section compounds the current IRA balance and the planned annual contribution using the return and time horizon you enter. The projection is before future taxes and fees and assumes the same contribution is made each year.
Frequently Asked Questions
What is the 2026 traditional IRA contribution limit?
The 2026 IRA contribution limit is $7,500, plus a $1,100 catch-up contribution for eligible people age 50 or older.
Can I contribute if my income is above the deduction phase-out?
Potentially yes. The income phase-out affects deductibility when workplace-plan coverage rules apply; it does not necessarily prohibit a traditional IRA contribution. Nondeductible contributions can create basis that must be tracked.
What are the 2026 deduction phase-out ranges?
For a covered contributor, the 2026 phase-out is $81,000–$91,000 for single/HOH and $129,000–$149,000 for married filing jointly. If the contributor is not covered but a spouse is, the joint range is $242,000–$252,000. Married filing separately generally uses $0–$10,000 when covered.