IRA contributions

For 2022, you can contribute up to $6,000 (under age 50) and $7,000 (50+) total across all of your IRAs, including those outside of Robinhood. You can either make a new IRA contribution that counts towards your annual limit or rollover funds from another retirement account to reinvest. In 2023, these contribution limits will increase to $6,500 for those under age 50 (or $7,500 for those age 50 or older).

For the 2022 tax year, you can only contribute to a Roth IRA if your modified adjusted gross income (MAGI) is under $144,000 (single filers) or $214,000 (married couples filing jointly). For the 2023 tax year, the income limit is $153,000 if you’re single, and $228,000 if you’re filing jointly. Keep in mind, these limits don’t apply to traditional IRAs and can change annually. Visit the IRS website or consult a tax advisor for your specific situation.


You can make prior-year contributions for the 2022 tax year until April 18, 2023 per IRS guidelines. After that date, you’ll only be able to make current year contributions for the 2023 tax year.

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Make a contribution

After you’ve set up your Retirement account with us, do the following to make a new or recurring contribution or an indirect rollover:

  1. Go to Retirement

  2. Select Contribute

  3. Enter the amount you’d like to contribute. You can see the amount you can contribute on Robinhood until you reach your max for the year

  4. Select Continue

  5. Confirm the details of your contribution, including:

    a. Frequency - Adjust to make the contribution recurring

    b. Funding method – reminder, only contributions from external sources of funding will earn the 1% match*

    c. Type of contribution – either New IRA contribution or Indirect rollover

    d. Tax year - you can make prior year contributions for the 2022 tax year until April 18, 2023

  6. Select Submit

You can view your previous contributions anytime in RetirementContributionsHistory.

Keep in mind

All IRA contributions count toward your annual limit. If you made contributions to another external IRA, you’ll want to factor in those amounts when contributing to your Robinhood IRA.

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Recurring contributions

You can set up recurring contributions to your Robinhood IRA. Simply select a Frequency that’s recurring in the steps for Make a contribution, including:

  • Weekly for a contribution to initiate every Monday
  • Twice a month for a contribution to initiate on the 1st and 15th of every month
  • Monthly for a contribution to initiate on the 1st of every month
  • Quarterly for a contribution to initiate on the 1st of January, April, July, and October

Taxes for contributions

Contributions will be reported on IRS Form 5498, which is issued annually in May.

If you’ve mistakenly allocated a new IRA contribution to the incorrect tax year, you can contact us to request an adjustment.

Keep in mind

Indirect rollovers must happen within 60 days, can only be done once per year, and can’t be adjusted.

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*Contributions must come from an external source and the match is capped at the annual IRS limits for contributions. You must keep the funds that earned the match in the account for at least 5 years to avoid the possibility of a fee when withdrawn. For more information, see the IRA Match FAQs.

Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax.

Contents provided are for informational purposes only and don’t constitute tax or investment advice. For specific questions, you should consult a tax professional. Robinhood does not provide tax advice. Links to third party sites are being provided for informational purposes only.

All investments involve risk and loss of principal is possible. Investors should consider their investment objectives and risks carefully before investing.

The Robinhood IRA is available to any customer with a Robinhood brokerage account in good standing.

Securities trading is offered through Robinhood Financial LLC, a registered broker-dealer and Member SIPC, and a subsidiary of Robinhood Markets, Inc. (Robinhood).

Reference No. 2664947
Still have questions? Contact Robinhood Support