IRA Contribution Limit : 4 Good Points to Know About

IRA Contribution LimitIndividual Retirement Agreements or IRAs are investment tools for tax savings by employed persons. So, an employee can save by opting for traditional IRAs or participating in IRA (Roth) . But the Internal Revenue Code provides for IRA contribution limit . In other words,one can save in these retirement savings instruments only up to an extent . If you exceeds the limit, you will have to pay tax on excess contribution. So here are five most important points on IRA or IRA(Roth) contribution limits

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