AmyC
Expert Alumni

Retirement tax questions

There is no form to ask about limits. The limits are set each year so it would not matter what system you used. Whoever did your taxes should have alerted you to a problem. You can check your contributions against what was allowed.

 

IRA maximum contribution limits have increased over the years. They started in 1975 with a $1,500 limit from 1975-1981, $2,000 limit from 1982-2001, $3,000 limit from 2002-2004, $4,000 limit from 2005-2007, $5,000 limit from 2008-2012, and $5,500 limit from 2013-2018.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post