The IRS has announced the 2021 maximum IRA contribution limit, which is the max you can contribute to your IRAs in a given calendar year. The 2021 maximum IRA contribution limit will be the same as the 2020 maximum IRA contribution limit: $6,000 for the year. Read on for expanded details. Similar to 401Ks, the maximum IRA contribution limit is set annually by the IRS and it is the limit that any individual can legally contribute to their IRA plans. The IRS determines increases by reviewing the consumer price index (CPI) annually. The maximum IRA contribution limit applies to both
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[Read the rest of the story at 20somethingfinance.com]