Contact UsWhat is the maximum deduction allowed for an Individual Retirement Account(IRA) for 2012? I am over 50 and want to know if I can make any extra catch-up contributions.
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Kathryn Morgan
The maximum is $5000 plus $1000 catch up if you are over 50 for a total of $6000. You may still make a 2012 contribution until 15 April 2013.
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589 weeks ago