How To Make 2 Roth IRA Contributions in 1 Year

If you want to make a second Roth IRA contribution within a single year, you still have time — as long as you make the second contribution before Tax Day: April 15. This might be a good idea if you haven’t reached your contribution limit and want to bolster your nest egg.

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“You can make two Roth IRA contributions in one calendar year and maximize your retirement savings potential,” said Nancy Gates, lead educator at Boldin, a financial planning platform. “This is because the IRS allows Roth IRA contributions for a given tax year until the tax filing deadline — typically April 15 of the following year. This means that between January and April, you can contribute for both the prior year and the current year.”

Roth IRAs are a good retirement savings option if you have some extra cash flow because your contributions grow tax-free. Unlike a traditional IRA, a Roth IRA lets you contribute money you’ve already paid taxes on.

When you make withdrawals after age 59 ½, you won’t owe any income taxes on those withdrawals.

By making contributions to a Roth IRA before Tax Day, you can “make up for lost time and boost your tax-free retirement savings … without reducing the amount you can contribute in 2025,” according to Equity Trust.

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If you’re considering making two Roth IRA contributions, Gates recommended keeping the following in mind:

• Roth contribution limits: For 2025, the standard contribution limit is $7,000 per year if you are under 50 years old. Individuals 50 and older can make an additional catch-up contribution of $1,000, bringing their contribution maximum to $8,000. Because of the Tax Day rule, this effectively allows you to contribute up to $14,000 in one year, or $16,000 if you are 50 or older.

• Roth income limits for single filers and heads of household: You can make a full contribution if your modified adjusted gross income (MAGI) is less than $150,000 per year. You can make a partial contribution if your MAGI is between $150,000 and $165,000. No contribution is allowed if your MAGI is $165,000 or more.

• Roth income limits for married filing jointly: You can make a full contribution if your combined MAGI is less than $236,000.  A partial contribution is allowed if your combined MAGI is between $236,000 and $246,000. No contribution is allowed if your combined MAGI is $246,000 or more.

If you fall above the income limits, Gates recommends using a “backdoor” Roth IRA strategy that involves contributing to a traditional IRA — non-deductible — and then converting the funds to a Roth IRA.