How much can I contribute to an IRA?
2020 IRA Contribution Limits
The maximum amount you can contribute to your Traditional and Roth IRAs is:
- $6,000 if you're younger than age 50
- $7,000 if you're aged 50 or older
For the 2020 tax year, you have from January 1st, 2020 to May 17th, 2021 to contribute to an IRA.