how much can you contribute to a traditional ira
Traditional IRA Limits and Restrictions. For 2015, the standard contribution limit for both traditional and Roth IRAs is $5,500. If youâre 50 years of age or older, the IRS provides a âcatch upâ feature that allows you to contribute an extra $1,000 each year.(If youâre merely rolling over another retirement plan into an IRA, these caps donât apply.).ource: AARP. While anyone can contribute up to $5,500 (or $6,500 for individuals age 50 and older) to a traditional IRA, not everyone can deduct that full amount on their tax return. If you have a retirement plan at work, youâre subject to certain income-based restrictions.