Scott B. Price, CPA

IRA/ROTH IRA Contribution Limits

January 5, 2009

The contribution limits for both traditional and Roth IRAs will be $5,000 in 2009. Individuals 50 or older can make an additional “catch-up” contribution of $1,000. The contribution limit for 401(k) and 403(b) plans will increase to $16,500 in 2009. The additional “catch-up” contribution is $5,500 in 2009.