Tag Archives: 2008
Q&A: Traditional IRAs: What is the maximum deposit I can make to my IRA in 2008?
Question by Terry E: Traditional IRAs: What is the maximum deposit I can make to my IRA in 2008?
For TRADITIONAL IRAs (not Roth IRAs), the maximum one can deposit into thier IRA is US$ 4,000.00 during year 2007 (exceptions for those over 50).
Does anyone know what the maximum will be for year 2008 for TRADITIONAL IRAs? I have “heard” but not seen the law that might raise the deposit to US$ 5,000.00.
I have already read the IRS’ website but no info is available there on this subject for 2008 (yet).
Please, can anyone direct me to a source that might be able to answer my question?
