The IRA contribution limit for 2026 is $7,500 per person. If you turn 50 or older during the year, the combined ceiling is $8,600. Traditional and Roth deposits share that one number. It is per person, not per account.
$2,000 already contributed, under 50: room left $5,500.
Run the IRA contribution calculator →
The workplace elective-deferral cap is $24,500 in 2026, plus catch-up if the plan allows it. You can often fund both in the same year if you have earned income. This page only measures IRA room. Estimate, not tax advice. See IRS IRA contribution limits.
Direct answer: $2,000 → $5,500
- Under-50 limit = $7,500
- Room = $7,500 − $2,000 = $5,500
- Excess = $0
Age 50+, same $2,000 YTD: limit $8,600, room $6,600.
limit = $7,500, or $8,600 if age ≥ 50 remaining = max(0, limit − YTD) excess = max(0, YTD − limit)
Checks you can re-run
| Age 50+ | YTD | Limit | Remaining | Excess |
|---|---|---|---|---|
| No | $2,000 | $7,500 | $5,500 | $0 |
| Yes | $0 | $8,600 | $8,600 | $0 |
| Yes | $2,000 | $8,600 | $6,600 | $0 |
| No | $7,500 | $7,500 | $0 | $0 |
| No | $8,000 | $7,500 | $0 | $500 |
Two IRAs do not double the cap. A $4,000 traditional plus a $4,000 Roth in the same year is $500 over if you are under 50.
Next to a 401(k)
Workplace deferral room is a different engine: 401(k) contribution limit. Ages 50+ at work use 401(k) catch-up. Taking money out of a 401(k) before 59½ is early withdrawal 10%, not this page.
Roth IRA income phaseouts and the deductibility of a traditional IRA are not in this remaining-room tool. High earners can still have a $0 deduction or a $0 Roth contribution even with "room" on this page.
What this is not
- Not the $24,500 401(k) / 403(b) elective deferral.
- Not a SIMPLE IRA workplace cap.
- Not a backdoor-Roth worksheet.
Yes. Combined.
$8,600 total, not $7,500 plus a separate mystery add-on in this engine.
Excess $500. Excess IRA contributions can be taxed at 6% per year until you fix them. Talk to the custodian.