Qualified individuals who make a contribution to a Traditional IRA before April 15 can write a smaller check to Uncle Sam on tax day, because your contribution is tax-deductible. For individuals with a Traditional IRA or Roth IRA, you can contribute up to $5,500 if you are 49 or younger; $6,500 if you are 50 or older. Read the complete list of contribution limits.
Want to learn more about the benefits of opening a Self-Directed IRA and maximize your 2014 IRA contribution limits? Join us for a Webinar, Tax Return and IRAs: What You Need To Know, on March 10, 2015 at 10:00 AM with John Paul Ruiz, CISP, one of The Entrust Group’s experts.