age limit for roth ira deduction
For example, you could contribute $2,500 to a Roth IRA with one provider and $3,000 with a second provider. You cannot contribute $5,500 to the first Roth IRA and $5,500 to the second provider. Your total contribution limit is $5,500 for all accounts for the tax year. For individuals that are age 50 or older the same $5,500 contribution limit across all Roth IRAs is in place.