What is the maximum amount I can contribute to my IRA in one year?

[TomK · Accepted solution]

For 2015, 2016, and 2017, your total contributions to all of your traditional and Roth IRAs cannot be more than:

• $5,500 ($6,500 if you’re age 50 or older), or
• your taxable compensation for the year, if your compensation was less than this dollar limit.

The IRA contribution limit does not apply to:

• Rollover contributions
• Qualified reservist repayments

For more information: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...