The 2007 IRA contribution limit for a both a traditional IRA and a Roth IRA is $4000. This is the same as it was in 2006.
If you are over 50 years old, you may also contribute an extra $1000 as that is the 2007 catch-up contribution limit. This is the same as it was in 2006.
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 |
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 |
what is earliest date a 2007 ira contribution can be made?
Comment by dave Kessloff — October 3, 2006 @ 4:07 pm
The earliest you can make a contribution to your IRA is January 1st of the calendar year for which you wish to contribute. So for 2007, ir would be Jan. 1st, 2007.
Comment by Rob — October 3, 2006 @ 6:08 pm
For 2007, what are the 457 plan contribution limits including the over 50 catchup?
Comment by Patrick Murphy — October 10, 2006 @ 12:45 pm
As far as I can tell, the 2007 limits have not been released yet. Just that it will be indexed to inflation.
Comment by Rob — October 10, 2006 @ 1:39 pm
Why is the max (with catch up provision) for 2007 only $5000K, when the max catch up for 457 plans is $15,500?
Comment by virginia — July 7, 2007 @ 10:52 pm
When is the last date you can contribute to a 2007 IRA ? Is it March 15, 2008 or April 15, 2008 ?
Comment by Claire Frankel — March 28, 2008 @ 12:19 pm
When is the last date you can contribute to a 2007 IRA ? Is it March 15, 2008 or April 15, 2008 ?
Comment by Claire Frankel — March 28, 2008 @ 12:19 pm
What id I am 50 now but wasn’t last year (2007)?
Comment by deborah — March 29, 2008 @ 2:34 pm