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What are the Roth IRA contribution limits?

April 26, 2017contribution limits roth ira

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What are the Roth IRA contribution limits?

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View the IRA contribution limits for the current year. This limit applies to all IRAs you have, whether it’s at ING DIRECT or elsewhere. If your earned income is less than the contribution limit, then you’re only able to contribute up to the amount you earned for the year. If you’re 50 or older by the end of the year for which the contribution is made, you can add up to an additional $1,000 per year. This additional amount is referred to as a “catch-up contribution.” If you own multiple IRAs, the total of all contributions to all IRAs may not exceed this annual contribution maximum.