The eRollover Blog

Last Second 2008 IRA Limits that You Have to Know!

Last Second Roth and Traditional IRA Limits and Deductions

Man, it goes without saying that these last few days before April 15th are usually rather chaotic, and needless to say, 2009 isn't the rule to the exception!

Taxpayers are looking to harvest any last second deductions, and are scrambling around to find out how much they can put into their Traditional and Roth IRA's for calender year 2008. In addition, many investors would be well advised to make sure that they qualify for the deductions beforehand. Otherwise, the IRS (not IRA) could come a knocking later this year.

For those of you that are just looking to contribute to your IRA's or looking for those last minute deductions, here are a few charts that should steer you in the right direction.

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IRA Deduction Limits for 2008

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Roth IRA Income Limits for 2008

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