Traditional IRA
How much can I contribute to my IRA?
The contribution limits for Traditional and Roth IRAs is $6,000 for 2019. The contribution limit will be the same for 2020.
2014 IRA Contribution Limits
The maximum allowable contribution to Traditional and Roth IRAs will remain the same in 2014 at $5,500. $5,500 is the aggregate contribution limit meaning that an individual can contribute to both a Traditional and Roth IRA but the total contribution cannot exceed $5,500. A “catch-up provision” is available to those age 50 or older allowing […]
Is my Traditional IRA contribution deductible?
Potentially. There are a host of rather complex rules governing the deductibility of Traditional IRA contributions. Traditional IRA contributions can either be deductible or non-deductible. To further complicate matters, a contribution may be partially deductible (and thus partially non-deductible as well). Deductibility depends upon filing status, income and whether you and your spouse (if applicable) […]