Tax Law Changes for 2019

IRA Contribution The maximum contribution amount for tax year 2019 is $6,000. The catch-up contribution increases to $1,000. Therefore, taxpayers age 50 and older can contribute up to $7,000 (from $6,500). Filing Status AGI Begin Phaseout AGI Fully Phased Out: Single (or Married Filing Separately and lived apart from spouse for all of 2018) $63,000 $ 73,000 […]