What is the maximum amount I can contribute to a Traditional IRA or Roth IRA?
Individuals not achieving age 50 may contribute 100% of earned income up to $3000 up to the tax filing deadline for each year they have earned income. For those individuals age 50 and above, the contribution increases because of the “Catch up” contribution allowance. There is no age limit restriction on a Roth IRA.
Related Questions
- Can someone in 2010 or later who does not have a traditional IRA and is ineligible to contribute to a Roth IRA make a single contribution to a traditional IRA and immediately convert it to a Roth?
- What is the maximum amount I can contribute to a Traditional IRA or Roth IRA?
- What is the maximum that I can contribute to a Traditional IRA or Roth IRA?
