topic Thank you in Retirement tax questions

What is the maximum deductible contribution to a traditional ira for a single tax payer for 2018

magrohman — Mon, 03 Jun 2019 18:53:33 GMT

with no employer sponsored retirement plan

DanaB — Mon, 03 Jun 2019 18:53:34 GMT

The annual contribution limit to a traditional IRA for 2018 is $5,500, or $6,500 if you’re age 50 or older.

magrohman — Mon, 03 Jun 2019 18:53:35 GMT

I was looking for the maximum deductible amount

DanaB — Mon, 03 Jun 2019 18:53:36 GMT

This is the maximum amount you can deduct for a traditional IRA.

magrohman — Mon, 03 Jun 2019 18:53:37 GMT

Thank you