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  2. What Are the Age Limits For IRA Contributions? - AOL

    www.aol.com/age-limits-ira-contributions...

    The 2023 contribution limit for both traditional and Roth IRAs is $6,500. Americans who are 50 or older can contribute an additional $1,000 in catch-up contributions .

  3. 3 last-minute tax moves for retirement savers - AOL

    www.aol.com/finance/3-last-minute-tax-moves...

    The annual contribution limit for IRAs — both traditional IRAs and Roth IRAs — is $6,500 for 2023. Individuals 50 and over can set aside an additional $1,000. ... limit for a SEP IRA for 2023 ...

  4. What Are the Retirement Account Contribution Limits for 2023?

    www.aol.com/finance/retirement-account...

    So, those over 50 may contribute $7,500 to their IRA. Those older than 50 holding 401(k), 403(b), most 457 plans and TSP accounts can commit a maximum of $30,000 starting next year.

  5. Individual retirement account - Wikipedia

    en.wikipedia.org/wiki/Individual_retirement_account

    In tax year 2023, the maximum amount allowed is $6,500. Beginning in tax year 2024, the limit is $7,000. [11] Beginning in 2002, those over 50 years old could make an additional contribution of up to $1,000 called a "catch-up contribution". [12] [13] Current [when?] limitations:

  6. Roth IRA - Wikipedia

    en.wikipedia.org/wiki/Roth_IRA

    A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting an income tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are ...

  7. Next year, you can put more money away for retirement ... - AOL

    www.aol.com/next-put-more-money-away-174033494.html

    The IRS also announced it was raising the IRA annual contribution limit to $7,000 next year, from $6,500 this year. For people 50 and older, you may contribute an additional $1,000 on top of that ...

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