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IRA Contribution Limits for 2020

November 24, 2019

From the U.S. News & World Report website

Retirement savers will be able to defer paying income tax on up to $6,000 in an individual retirement account in 2020. Workers with slightly higher incomes will also be eligible to save for retirement in traditional and Roth IRAs and qualify for the saver’s tax credit.

Retirement savers will be able to defer paying income tax on up to $6,000 in an individual retirement account in 2020. Workers with slightly higher incomes will also be eligible to save for retirement in traditional and Roth IRAs and qualify for the saver’s tax credit.

Here are the IRA limits for 2020:

From → Finance

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