What are the IRA annual contribution limits?

annual contribution IRA limits
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What are the IRA annual contribution limits?

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IRA contribution limits are set by the IRS and generally increase over time. You can contribute to both a Traditional IRA and a Roth IRA as long as you’re eligible and your total combined contribution does not exceed the limit. To help older Americans save more for retirement, the IRS allows them to save more through the catch-up contribution provision.