This table showcases the contribution limits for 2009, 2010, 2011, and 2012 Traditional IRA’s including contribution deferral limits and catch-up contributions for those 50 or older.
This table describes the IRA contribution limits in as simple and straightforward terms as possible. 2009 | 2010 | 2011 | 2012 | 2013 |
|
|---|---|---|---|---|---|
| IF YOU'RE UNDER 50 | |||||
| Traditional IRA Contribution Limits | $5,000 | $5,000 | $5,000 | $5,000 | $5,500 |
| IF YOU'RE 50+ | |||||
| Traditional IRA Contribution Limits | $5,000 | $5,000 | $5,000 | $5,000 | $5,500 |
| Catch up contribution (if over 50) | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
| Total Contribution Limit | $6,000 | $6,000 | $6,000 | $6,000 | $6,500 |