The limit on annual contributions to an IRA increased to \$7,000, up from \$6,500.

For married couples filing jointly, the income phaseout range for making contributions to a Roth IRA will increase to between \$230,000 and \$240,000, up from a range of \$218,000 to \$228,000. (Those making under the threshold can contribute up to the full amount, those making in between can contribute a reduced amount, and those making over can’t contribute anything to a Roth.)