The National Directory of Certified Public Accountants

Ask A CPA - IRAs - Traditional

What Is The Maximum IRA Contribution Allowed In 2013?

You can contribute up to $5,500 ($6,500 if you are 50 or older) provided you have at least $5,500 / 6,5000 of wages, salary or net self-employment earnings in 2013 and in the case of a traditional IRA (deductible IRA) , you have not reached age 70 1/2 by the end of the year.

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