2009 IRA Limits

For 2009, the Traditional IRA and Roth IRA Limits remain unchanged from 2008.

IRA contributions can be made between January 2, 2009 and April 15, 2010 for the 2009 tax year.

2009 IRA Contribution Limits

IRA	Limit
Maximum	$5,000
Additional contribution for age 50 and over	$1,000

In addition, contributions to IRAs can count toward the Saver’s Credit for Retirement Contributions.

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Posted February 19, 2009 in Tax News | Comment
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