When did the maximum IRA contribution change? - ira maximum
Previously, the IRA annual contribution was $ 2,000 and $ 250 for the spouse does not work. It is now $ 5,000 and $ 5,000 will be for the spouse does not work. When will the situation change?
Ira Maximum When Did The Maximum IRA Contribution Change?
2 comments:
There are two changes. By changing the way the marriage IRA will again be treated more than ten years. The $ 2250, you will be divided between two accounts did not mention more than $ 2,000 was credited to the spouse account. Some couples separate $ 1125 each other more in view of the spouse's age, so the money could be used to accessed. Therefore, it is possible that the spouse could take the post of $ 2,000 in your IRA and the joint work could have brought in $ 250
The annual contribution limit of $ 5000 has, in fact, in the last two years. If one spouse is 50 or older, the spouse up to $ 6000 this year. However, the total contribution can not exceed 100% of the income of the working spouse.
In 2001, because I think you mentioned traditional IRA contributions for 1996 that includes money for each child. The limits for IRA contributions has been amended since the Roth IRA in the scene. The annual contribution numbers have changed since 2001.
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