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Traditional IRA Contributions
Your guide to Traditional IRA contribution rules
Rules for Traditional IRA contributions are based on your age, not on income. Deducting your contributions from your taxes is based on income.
The Traditional IRA contribution rules are categorized into three phases based on age:
- Regular contributions are allowed up to age 50
- Catch-up contributions are allowed between ages 50 - 70½
- No contributions are allowed after age 70½
Use the table to find your Traditional IRA contribution limits.
| Age |
2010 Contribution Limits |
| Up to age 50 |
$5,000 |
| Age 50 - 70½ |
$6,000 |
| Over age 70½ |
Not allowed |
Learn more about Roth IRA contributions.
Discover which IRA may be right for you with our IRA Selection Wizard.
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