For 2022, 2021, 2020 and 2019, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than:
- $6,000 ($7,000 if you're age 50 or older), or
- If less, your taxable compensation for the year
Your individual Roth contributions are limited to your taxable compensation for the year, if that is less than the regular limit of $7,000 for over age 50.
See here for more information from the IRS on this topic.
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