Are there any income limitations for making contributions to a Traditional IRA?
Minimum earned income must be equal to or greater than your annual contributions. There is no limitation on maximum earned income to contribute to a Traditional IRA, however, there may be restrictions on tax deductibility of what you contribute. Deductibility depends upon your or your spouse’s status as an active participant in an employer-sponsored retirement plan, your Modified Adjusted Gross Income (MAGI) and your tax filing status.
