What is the regular IRA contribution in 2008 for those under age 50?

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What is the regular IRA contribution in 2008 for those under age 50?

2006-11-30 05:40:00 · 3 answers · asked by robf 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

Limit increases to $5,000 in 2008 and stays fixed thereafter.

2006-11-30 05:43:29 · answer #1 · answered by Danny P 2 · 1⤊ 0⤋

If you go to IRS.GOV you can find the amount that will be allowed for 2007. It was released about a month ago.
The 2008 number won't be available until Oct. or Nov. of 2007 as the amount is adjusted for inflation each year.

2006-11-30 15:38:25 · answer #2 · answered by waggy_33 6 · 0⤊ 0⤋

4000 now

will be 4500 by then

Look below Danny is right

2006-11-30 13:42:17 · answer #3 · answered by Two dimes and a Nickel 5 · 0⤊ 0⤋