What are the current contribution limits for an IRA?
The contribution limits and deadlines for 2009 and 2010 are below: • Tax Year 2009: $5,000 by 4/15/2010 • Tax Year 2010: $5,000 by 4/15/2011 Age 50+ can add $1,000 per year as a “catch-up” contribution. Your modified adjusted gross income (AGI) could affect if and how much you can contribute to a Roth IRA.