IRA Contribution Limits and Possible Saver’s Credit for Retirement Accounts

IRA Contribution Limits and Possible Saver’s Credit for Retirement Accounts

The IRA contribution limit remains at $5,500 for 2015. Investors age 50 and older can contribute an additional $1,000 to an IRA . And new in 2015, low- and moderate-income workers who contribute to a 401(k) or IRA may be eligible for a saver’s credit.  This is a tax credit that can be worth as much as $1,000 for individuals and $2,000 for couples.

If you are the type of person who wants to know about any available tax credits and limits on your retirement contributions, Like and Share this post.

Let's connect

 
and please share facebook-share twitter-share linkedin-share googleplus-share
Home