2020 2019 2018 IRAs IRA Contribution Limit $6,000 $6,000 $5,500 IRA Catch-Up Contributions 1,000 1,000 1,000 IRA AGI Deduction Phase-out Starting at Joint Return 104,000 103,000 101,000 Single or Head of Household 65,000 64,000 63,000 SEP SEP Minimum Compensation 600 600 600 SEP Maximum Contribution 57,000 56,000 55,000 SEP Maximum Compensation 285,000 280,000 275,000 […]
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IRA Contribution FAQ’s
The contribution limit for 2016 is $5,500, or $6,500 if you’re age 50 or older. Your Roth IRA contributions may also be limited based on your filing status and income. See IRA Contribution Limits. Is my IRA contribution deductible on my tax return? If neither you nor your spouse is covered by a retirement plan […]
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