What are the contribution limits for a Roth IRA?

An eligible individual may contribute the lesser of the annual contribution limit, or 100% of eligible compensation to a Roth IRA. The maximum applies to all Traditional and Roth IRA contributions made for the tax year, in aggregate. These contribution amounts may be adjusted for cost-of-living increases.

Also, IRA holders who are 50 and older may make catch-up contributions of up to $1,000 annually.

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