It depends. If the money was not in an IRA, then you were not allowed to roll it over into an IRA. If you do want to contribute to an IRA, then you can put in the maximum you are allowed.
Review the details in the link below if it was an IRA before you cashed it in and if you qualify to roll it into another IRA in your name.
Maximum IRA Contributions for 2022 (if funds were not originally in an IRA):
- For 2022, $6,000, or $7,000 if you’re age 50 or older by the end of the year; or your taxable compensation for the year.
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