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Contribution Limits for IRAs. 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 ...
IRA limits aren't changing in 2025 Currently, IRA contributions max out at $7,000 for workers under the age of 50 and $8,000 for those 50 or older. In 2025, these limits are staying the same.
The contribution limit on individual retirement accounts (IRAs) will stick at $7,000, and the catch‑up contribution limit for individuals 50 and over stays at $1,000 for 2025.
In 2025, the catch-up contribution limit for 401(k)s is $7,500, unchanged from 2024. So if you're 50 or older by the end of 2025, you can put up to $31,000 into your 401(k). IRA limits for 2025
That number (0.2) multiplied by the maximum contribution ($7,000) equals $1,400. The maximum contribution ($7,000) minus that amount ($1,400) equals $5,600. 2. Contribution limits for Roth IRAs in ...
Other taxpayers could still make nondeductible contributions to an IRA. [10] The maximum amount allowed as an IRA contribution was $1,500 from 1975 to 1981, $2,000 from 1982 to 2001, $3,000 from 2002 to 2004, $4,000 from 2005 to 2007, $5,000 from 2008 to 2012, $5,500 from 2013 to 2018, and $6,000 from 2019 to 2022.