The deadline for IRA Contributions for 2016 is April 18, 2017.
IRA Limit for 2016:
$5,500 (Under age 50)
$6,500 (Age 50 or older)
Income Limit for ROTH (Married filing jointly)
Under $184,000 - Full Contribution
$184,000 - $194,000 - Partial Contribution
Income Limit for ROTH (Single)
Under $117,000 - Full Contribution
$117,000 - $132,000 - Partial Contribution
Remember the rules for deductibility of an IRA contribution vary with income and your participation in a company retirement plan. Call our office with questions.
Dean S. Mailhes