2009 IRA Contribution and Deduction Limits |
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2009 Combined Traditional and Roth IRA Contribution Limits:
If you are under 50 years of age at the end of 2009: The maximum contribution that can be made to a traditional or Roth IRA is the smaller of $5,000 or the amount of your taxable compensation for 2009. This limit can be split between a traditional IRA and a Roth IRA but the combined limit is $5,000.The maximum deductible contribution to a traditional IRA and the maximum contribution to a Roth IRA may be reduced depending on your modified adjusted gross income (modified AGI).
If you are 50 years of age or older before 2010: The maximum contribution that can be made to a traditional or Roth IRA is the smaller of $6,000 or the amount of your taxable compensation for 2009. This limit can be split between a traditional IRA and a Roth IRA but the combined limit is $6,000. The maximum deductible contribution to a traditional IRA and the maximum contribution to a Roth IRA may be reduced depending on your modified adjusted gross income (modified AGI).
See Individual Retirement Arrangements (IRAs), Publication 590, for additional information.
2009 Traditional IRA Contribution and Deduction Limits
2009 Roth IRA Contribution Limits
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Page Last Reviewed or Updated: January 13, 2009