Evansbank.com
What are the IRA contribution limits? For the 2020 tax year: • A Participant under the age of 50 can contribute up to $6,000* • A participant who is age 50 or older can contribute up to $7,000*, total. For the 202. 1. tax year: Unchanged from 2020 limits. Contribution limits could be lower based on the Participant’s earned income. For the ... ................
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