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Ahwatukee Living’s Ask the Experts

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Tax Tips

How much can I contribute to my traditional IRA?

For the years 2002 and 2003, you can contribute $3,000 to your traditional or ROTH IRA. Additionally, if you have reached the age of 50, you can make a catch-up contribution of $500. So, for 2002 and 2003, you could contribute as much as $3,500 each year.

If you have any questions about this or any other tax related matter please call Micheal McGinley with Pinnacle Taxx @ 480-598-5166.

Posted on August 26, 2004

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