IRA contribution limits
For 2023, the maximum contribution to all your Roth and Traditional IRAs for individuals under 50 years old is $6,500. For individuals 50 and over, the maximum contribution is $7,500.
For 2022, the contribution limits are $6,000 and $7,000, respectively.
Certain individuals may not be eligible to contribute directly to a Roth IRA due to their filing status or earned income. For questions about IRS income limits and your Roth IRA contribution eligibility, please consult a qualified tax professional.
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