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IRA Contribution Limits Are Rising in 2023. Here's How to Make the Most of It

IRA Contribution Limits Are Rising in 2023. Here's How to Make the Most of It

In 2022, you're only able to contribute $6,000 to an IRA or $7,000 if you're 50 or older. If they max out an IRA in each person's name, they can contribute up to $13,000 (or $15,000 if both people are 50 or older) in total.