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What is the maximum contribution to a roth ira?

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Roth IRA Contribution Limits for Individuals Under 50. Individuals who are under 50 years old may contribute $5,500 to an IRA. This amount is the maximum you may deposit per year across all IRAs you may have with multiple providers, including both Traditional or Roth IRAs. read more

Multiply the maximum contribution limit (before reduction by this adjustment and before reduction for any contributions to traditional IRAs) by the result in (3). Subtract the result in (4) from the maximum contribution limit before this reduction. read more

Your traditional IRA contributions may be tax-deductible. The deduction may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds certain levels. IRA deduction limits; Roth IRA contribution limit. The same general contribution limit applies to both Roth and traditional IRAs. read more

You cannot contribute $5,500 to the first Roth IRA and $5,500 to the second provider. Your total contribution limit is $5,500 for all accounts for the tax year. Roth IRA Contribution Limits for Individuals 50 or Older. For those age 50 or older, the same $5,500 contribution limit across all Roth IRAs is in place. read more

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