As we move through the early months of 2026, many are focused on their tax filings. However, the important date on the calendar isn’t just the filing deadline; it’s the final opportunity to fund your future for the previous year.
You have until April 15, 2026, to make your 2025 contributions to Traditional IRAs, Roth IRAs, and Health Savings Accounts (HSAs). At Alaska Wealth Advisors, we believe that steady, intentional planning today can create the freedom for a confident tomorrow. Here is how to make these “catch-up” contributions work for your long-term goals.
Investment Retirement Accounts
Whether you’re seeking an immediate tax deduction or the long-term benefit of tax-free growth, the IRA remains one of the most effective tools in your financial kit.
- The Limits: For 2025, you can contribute up to $7,000. If you are age 50 or older, you can utilize the “catch-up” provision for a total of $8,000.
- The Roth Advantage: To contribute to a Roth IRA, your 2025 Modified Adjusted Gross Income (MAGI) must be under $150,000 (Single) or $236,000 (Married Filing Jointly).
- The Traditional Deduction: While anyone with earned income can contribute to a Traditional IRA, your ability to deduct that contribution depends on your income and whether you (or your spouse) are covered by a workplace retirement plan.
The Health Savings Account
We often highlight the HSA for its unique triple tax advantage: a tax deduction on the way in, tax-free growth, and tax-free withdrawals for medical expenses.
- 2025 Individual Limit: $4,300
- 2025 Family Limit: $8,550
- The 55+ Bonus: If you are 55 or older, you can add an additional $1,000.
- A Common Overlook: If you and your spouse are both 55+, you can both make catch-up contributions, but the spouse must open their own HSA to hold their specific $1,000 portion.
2025 Traditional IRA Deduction Limits
| If your Tax Filing Status is… | And you are… | You get a FULL deduction if your income is… |
| Single | Not covered by a workplace plan | No income limit |
| Single | Covered by a workplace plan | $79,000 or less |
| Married Filing Jointly | Neither spouse covered by a plan | No income limit |
| Married Filing Jointly | You are covered by a plan | $126,000 or less |
| Married Filing Jointly | Your spouse is covered (you are not) | $236,000 or less |
Taking Action Before April 15
For Our Current Clients: If you would like to make additional 2025 contributions or have questions about your specific eligibility, please reach out to your advising team today. We want to ensure all contributions are processed accurately and in time for the April 15 deadline.
If You Are Not Yet a Client: Planning for a secure retirement requires more than just meeting deadlines; it requires a comprehensive vision. We invite you to schedule a discovery call with us to discuss your long-term goals and how we can help you build a plan that meets your needs.
Nic Cohen
Senior Financial Advisor
Alaska Wealth Advisors is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Alaska Wealth Advisors’ investment advisory services can be found in its Form ADV Part 2 and/or Form CRS, which is available upon request.
This material should not be construed as tax advice. You should always consult with your tax professional with regard to specific tax questions and obligations.
