☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 3:06:43 PM

What is the maximum IRA contribution for over age 50 for those who do not have any other form of Retirement Savings?

0 2 433
2 Replies
Level 15
Jun 4, 2019 3:06:45 PM

The age over 50 amount for an IRA contribution is $6,500 or your total taxable compensation if less than $6,500.  See this IRS website - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...

New Member
Feb 22, 2021 2:07:47 PM

WRONG over 50 years old max. contribution 7000.