Question: what is the maximum deductible ira contribution allowable?
Answer: For 2019, the limits are the same as 2020. For 2018, 2017, 2016 and 2015, your annual total contributions to all of your traditional and Roth IRAs cannot be more than: $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.