2012 Roth IRA Contribution Limits

Note: Assuming your IRA was opened by Dec. 31, 2012, you have until the tax filing deadline–April 15, 2013–to make a 2012 contribution. The income/contribution limits have increased for the 2013 tax year. Click here for 2013 Roth IRA details, and current Roth IRA contribution limits.

Starting in 2012 the maximum contribution you can invest into a Roth IRA is indexed to inflation. Despite inflation ranging in the 3% to 4% range for 2011, the IRS has left the maximum contribution limit unchanged for the 2012 tax year.

For regular contributions the limit is $5,000 in 2012. For catch-up contributions for individuals over age 50 the contribution limit is an additional $1,000, bringing the total to $6,000 per year.

History of Roth IRA Contribution Limits

Contribution limits have changed significantly since the Roth IRA was introduced. In 2002 the limit was only $3,000 and has now increased 66% from that time to $5,000.

Year Contribution Limit
2002-2004 $3,000
2005-2007 $4,000
2008-2012 $5,000

Similar changes have been made to catch-up contribution limits. Starting in 2006 the catch-up contribution limit for those over age 50 doubled from $500 to $1,000.

Year Catch-Up Limit
2002-2005 $500
2006-2012 $1,000


Moving forward the IRS will change the contribution limits based on inflation in the economy.

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