IT’S NOT TOO LATE FOR A 2015 IRA CONTRIBUTION
Don’t forget that you have until April 18, 2016 to contribute to your 2015 IRA. The contribution limit this year is:
- $5,500 ($6,500 if you’re age 50 or older), or
- Your taxable compensation for the year, if your compensation was less than this dollar limit.
The IRA contribution limit doesn’t apply to rollover contributions or qualified reservist payments. Click here to visit the IRS web site for details.