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What is the maximum contribution I can make to a Traditional or Roth IRA?

April 26, 2017contribution IRA maximum Roth traditional

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What is the maximum contribution I can make to a Traditional or Roth IRA?

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The maximum contribution is $5,000 for 2008 or 2009 or 100% of your compensation, whichever is less. If you are eligible and choose to make contributions to both a Traditional IRA and a Roth IRA, the total of your contributions to both may not exceed the lesser of $5,000 for 2008 or 2009 or the 100% of compensation limit. In addition, catch-up contributions of $1,000 are permitted for any individual who is 50 or older.