IRA 2008 Contribution Limits:

Individual Retirement Account FY 2008 Contribution Limits

2008 IRA contribution limits are set at a maximum of $5,000 of earned income.

The 2008 IRA contribution limit is an increase from the 2007 IRA contribution limit of $4,000.

IRA contribution rules do not require that you contribute the entire amount at once.

IRA contributions may be made throughout the year up to the 2008 IRA contribution limit.

2008 IRA Contributions must be made before April 15th, 2009.

If you are 50 years old at the end of 2008, you can make a "catch-up" contribution.

2008 IRA Catch-up contributions are limited to $1,000 - for a total maximum contribution of $6,000 for FY 2008.

Catch-up contributions must also be made before April 15th, 2009.

Please see IRS Publication 590 "Individual Retirement Arrangements" for details.

Don't have enough available cash to make your maximum yearly contribution before the deadline?