How much can I contribute to an IRA? The annual contribution limit for 2023 is $6,500, or $7,500 if you're age 50 or older (2019, 2020, 2021, and 2022 is $6,000, or $7,000 if you're age 50 or older). The annual contribution limit for 2015, 2016, 2017 and 2018 is $5,500, or $6,500 if you're age 50 or older.
Mar 18, 2024
Traditional and Roth IRA Contribution Limits Set by the Internal Revenue Code · $1,500 · $2,000 · $3,000 · $4,000 · $4,000 · $5,000 · $5,500 · $6,000. $1,000.
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What are the maximum IRA contributions historically?
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Did IRA contribution limits change?
What was the IRA contribution limit in 1987?
Contributions are concentrated at the maximum amount – of those contributing to an IRA, approximately 40% contributed the maximum (whether contributing to ...
It established a $2,000 limit (up from $1500) on contributions regardless of a worker's access to a retirement plan through work. Congress reversed course in ...
In 2023, the Roth IRA contribution limit remains at $6,500, with a $1,000 catch-up contribution if you are 50 or over.