The 2006 Roth IRA contibution limit is $4000. This is the same as it was in 2005.
If you are over 50 years old, you may also contribute an extra $1000 as that is the 2006 catch-up contribution limit. This is the same as it was in 2005.
Roth IRA Contribution Limits
Year | Maximum Regular IRA Contribution | Catch-up Contribution |
2002 | $3000 | $500 |
2003 | $3000 | $500 |
2004 | $3000 | $500 |
2005 | $4000 | $500 |
2006 | $4000 | $1000 |
2007 | $4000 | $1000 |
2008 | $5000 | $1000 |
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