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The total IRA contribution limit (for Roth and Traditional IRAs combined) for 2015 is the lesser of:

  • $5,500 ($6,500 if you are age 50 or older)
  • Your taxable compensation


However, if your modified AGI is above a certain amount, your contribution limit may be reduced.

Please refer to IRS Publication 590-A Contributions to Individual Retirement Arrangements, for additional information.

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