How much can I contribute to a Roth IRA each year?

For 2025, the contribution limit is $7,000 per year, or $8,000 if you’re age 50 or older (thanks to the “catch-up” provision). These limits apply across all IRAs combined, so if you have both a traditional and a Roth IRA, your total contributions cannot exceed the annual cap.
It’s important to note that contributions must come from earned income, such as wages or self-employment earnings. Investment income, rental income, or pensions don’t count toward eligibility for contributions.