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How much can I contribute to my IRA each year?

TradeUP Support 7 avatar
Written by TradeUP Support 7
Updated over a month ago

The IRS sets annual contribution limits for IRAs. For tax years 2024 – 2025, you may contribute up to $7,000 if you’re under age 50. If you are 50 or older, you may contribute up to $8,000. These limits are subject to changes annually.

How do I make a contribution to my account?

• Once your IRA is open, you can deposit funds via ACH, wire transfer, or other supported deposit methods. Please see our How do I deposit funds into my account? article for step-by-step instructions.

Still got questions? Contact TradeUP Customer Support by email at support@tradeup.com or reach out to us on Live Chat!

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