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Whether or not you can make the maximum Roth IRA contribution ($5,500 annually, or $6,500 if you're age 50 or older) depends on your tax filing status and your modified adjusted gross income (MAGI) .
Dec 22, 2016 at 7:13AM. The easy answer is that the limit for IRA contributions set by the IRS is $5,500 for the 2017 tax year, with an additional $1,000 catch-up contribution allowed if you're over 50. However, there's a little more to the story.