TIAA IRA tax benefits
Tax season is here.
Open a TIAA IRA.
Open a TIAA IRA and contribute up to $7,000* before April 15, 2026. Choose a Traditional IRA to reduce your taxable income or Roth IRA for tax-free retirement income.
IRA contribution limits
Maximize your IRA contributions
Each year, the IRS sets IRA contribution limits. You can now contribute to a Traditional or Roth IRA. Start contributing early to maximize your tax advantages throughout the year.
2025 contribution limits
- Under 50 years old: You can contribute $7,000
- 50 and older: You can contribute $8,000
2026 contribution limits
- Under 50 years old: You can contribute $7,500
- 50 and older: You can contribute $8,600
IRA tax advantages
Your IRA comes with tax advantages
Tax deductions
Contributing to a traditional IRA offers a way to reduce your taxable income for the given tax year. You may be able to deduct your contribution, so you pay less in income taxes.
Tax-free withdrawals
Your contributions to your Roth IRA come from money that has already been taxed, so you won’t pay taxes when you withdraw, as long as you meet certain conditions.1
Tax deferrals
A tax-deferred IRA allows you to avoid taxes until you withdraw—when you might be in a lower tax bracket. You can also defer taxes by rolling over a retirement plan to an IRA.2
IRA solutions
Explore the benefits of a TIAA IRA
A traditional IRA may be right for people who want to lower their taxes today, because you can deduct contributions from your yearly taxable income. A Roth IRA may be right for people who want their earnings to grow tax-free and their future withdrawals to be tax-free.
Roth IRA
Earnings grow tax-free and you won’t pay taxes on qualified withdrawals in retirement.
- Contributions: Come from after-tax money
- Investment growth: Tax-free
- Withdrawals: Tax-free qualified withdrawals after age 59½.1
Traditional IRA
Your potential earnings will grow tax-deferred.
- Contributions: Come from pretax money; tax deductible
- Investment growth: Tax-deferred
- Withdrawals: Taxed at your current income level
Open your IRA online in less than five minutes
We’ve worked hard to make it easy to open an IRA.
Why TIAA?
A TIAA IRA gives you more
More to invest with no account fees
There is no account fee associated with a TIAA IRA, and anyone can open one—we don’t require a minimum investment.
More confidence with complimentary advice
Your TIAA IRA comes with complimentary, actionable advice to help you choose the investments that are right for you and your unique goals.3
More retirement security with the option for lifetime income
TIAA IRAs offer access to TIAA Traditional, our flagship fixed annuity.* You’ll get guaranteed growth and guaranteed, regular income in retirement.
*Issued by Teachers Insurance and Annuity Association of America (TIAA), New York, NY.
We’re here to help
Give us a call at 844-TIAA IRA (844-842-2472), weekdays, 8 a.m. to 7 p.m. ET, or schedule an appointment.
* Based on 2025 IRS limits. Subject to income restrictions and eligibility requirements.
Annuity contracts may contain terms for keeping them in force. We can provide you with costs and complete details.
Any guarantees under annuities issued by TIAA are subject to TIAA’s claims-paying ability.
1 Withdrawals of earnings prior to age 59½ are subject to ordinary income tax, and a 10% penalty may apply. Earnings can be distributed tax-free if distribution is no earlier than five years after contributions were first made and you meet at least one of the following conditions: age 59½ or older or permanently disabled. Beneficiaries may receive a distribution in the event of your death. Beginning in 2023, the SECURE 2.0 Act raised the age that you must begin taking RMDs to 73. In 2033, the RMD age will increase to age 75 for those born on or after 1960.
2 Prior to rolling over, consider your other options. You may be able to leave money in your current plan, withdraw cash, or roll over the assets to a new employer’s plan if one is available and rollovers are permitted. Compare the differences in investment options, services, fees and expenses, withdrawal options, required minimum distributions, other plan features, and tax treatment. Speak with a TIAA consultant and your tax advisor regarding your situation. Learn more at
3Advisory services are provided by Advice & Planning Services, a division of TIAA-CREF Individual & Institutional Services, LLC, a registered investment adviser.