What is the most I can contribute to my IRA?

Individuals younger than 50

The maximum deferred annual contribution you can make is $5,000 for individuals and $10,000 for couples.

Individuals 50 and older

The maximum contribution goes up to $6,000 for individuals and $12,000 for couples. Annual contributions beyond the maximum allowable will not receive IRA tax benefits.Source: IRS Website

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