IRAs - Traditional

Maximum IRA contribution allowed in 2014

You can contribute up to $5,500 ($6,500 if you are 50 or older) provided you have at least $5,500 / 6,500 of wages, salary or net self-employment earnings in 2014 and in the case of a traditional IRA (deductible IRA) , you have not reached age 70 1/2 by the end of the year.

Need Professional Help?

If you need help with "IRAs - Traditional" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.