Here’s a sobering fact — In 1913, the top federal income tax bracket was 7% on all income over $500,000, and the lowest tax bracket was 1%.
IRA Contribution Limits The maximum amount you can contribute to a traditional IRA or a Roth IRA in 2020 is $6,000 (or 100% of your earned income, if less), unchanged from 2019. The maximum catch-up contribution for those age 50 or older remains at $1,000. You can contribute to both a traditional IRA and a …
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