2025 & 2026 IRA Contribution Limits

Did you know IRA Contribution limits are increasing? For our members who contribute to an IRA or are considering opening an IRA, here is an update to the 2025 and 2026 contribution limits for Traditional and Roth IRA’s.

2025 - Contribution Limit: $7,000.00; Catch-up Contribution Limit (age 50 and older): $8,000.00

2026 - Contribution Limit: $7,500.00; Catch-up Contribution Limit (age 50 and older): $8,600.00

****Please note the new catch-up contribution is now $1,100

IRA contributions can be made through APCI eBanking. All online contribution will be posted for the 2026 tax year. Prior year contributions can be made for the 2025 tax year by contacting the credit union. You can make 2025 IRA contributions until April 15, 2026.

If you’re considering starting an IRA, keep in mind the differences and advantages of Traditional and Roth IRA’s.

With a Traditional IRA, contributions may be tax-deductible in the year you make them, depending on your income and participation in an employer-sponsored retirement plan, such as a 401(k).  When taking distributions keep in mind the money may be taxed at the time of withdrawal.

Roth IRA contributions are not tax-deductible however withdrawals are tax free, subject to certain requirements, if your age is at least 59 ½ and you have had your account for at least five years.

Here are some questions you may want to think about when filing your 2025 taxes:

• Have you taken your Required Minimum Distribution (RMD)?
• Have you taken a withdrawal from your IRA or 401K?
• Have you Contributed to your IRA?
• Have you made a Charitable Distribution?

If you have answered “YES” to any of these questions, it may have an impact when filing your taxes and you should be on the lookout for Tax forms (either through the mail or electronic is set up for eStatements).

For more information on APCI Federal Credit Union IRA’s, please call one of our IRA specialists at  800-821-5104.

• Victoria Fernandes, Certified IRA Specialist, at ext. 6887
• Ann Strohl, Certified IRA Specialist, at ext. 6888