SIE practice questionmediumIRA Accounts
What is the maximum annual contribution to a traditional IRA for an individual under age 50 (2026)?
- A$3,000
- B$10,000
- C$7,500✓ Correct answer
- D$7,000
Explanation
Why C — $7,500
For 2026, the IRS limit for combined traditional and Roth IRA contributions is $7,500 for an individual under age 50, or taxable compensation if lower. The age-50-or-older catch-up amount increases the 2026 limit to $8,600.
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