For tax year 2020, the IRA contributions limits remained the same as the 2019 limits which are $6,000. Taxpayers over age 50 may contribute an additional $1,000 as 'catch-up' contributions.
For tax year 2020, the IRA contributions limits remained the same as the 2019 limits which are $6,000. Taxpayers over age 50 may contribute an additional $1,000 as 'catch-up' contributions.