Traditional IRA (2025)
Contribution rules, deductibility, required minimum distributions, and rollover guidance for Traditional IRAs.
Contribution Limits & Age Rules
For 2025, IRA contribution limits and catch-up amounts may have changed—confirm current IRS limits when filing. Contributions may be deductible depending on income and employer retirement coverage.
Deductibility
If you (or your spouse) are covered by a workplace retirement plan, deductibility phases out based on MAGI. As an HOH filer, check the IRS phase-out ranges for 2025.
Withdrawals & RMDs
Withdrawals before age 59½ may be subject to tax and a 10% penalty unless an exception applies. Required Minimum Distributions (RMDs) begin at the age specified by current law—verify 2025 rules.