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. 

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