Can I contribute to a traditional IRA if I make $200,000 a year ?

Can you still contribute to a Traditional IRA if you earn $200,000 a year? Yes — and in this video we break down exactly how income affects your IRA contribution rules for 2026.

A lot of people assume that once their income crosses a certain threshold, they're locked out of IRA contributions altogether. That's not true. There's no income cap on eligibility to contribute to a traditional IRA — what changes at higher income levels is whether your contribution is tax-deductible. In this video, we walk through the real numbers, the phase-out ranges, and what to actually do if you're in this situation.

Here's what you'll learn:

Why there's no income limit for contributing to a traditional IRA
How workplace retirement plan coverage affects your deduction
The 2026 MAGI phase-out ranges for single filers and married couples
What a nondeductible contribution is and why Form 8606 matters
The current contribution limits ($7,500 under 50, $8,600 for 50+)
How the backdoor Roth IRA strategy can help high earners

If you're covered by a workplace plan and single at $200K, your Traditional IRA contribution likely won't be deductible — but you can still make a nondeductible contribution and explore a backdoor Roth conversion. We explain the steps clearly so you know exactly where you stand before making any moves.

If this helped clarify how IRA income limits actually work, give the video a like, drop your questions in the comments, and subscribe for more straightforward breakdowns of retirement and tax planning topics.

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