Historical Chart of IRS IRA Contribution rules since 1974

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  • EA_TAX
    Member
    • Apr 2013
    • 31

    #1

    Historical Chart of IRS IRA Contribution rules since 1974

    Question: Where would I find the IRS history of allowing IRA contribution deductions dating back to 1974 with the ERISA that includes by year the contribution amounts, income thresholds and deduction limits? I have a client that believes that there were a few years around 2000 that IRA contribution deductions were not allowed by the IRS, and I'm not finding that information. Client would like the historical information for their own use. ( I recognize that there are maximum income limits that would prevent IRA deductions to certain taxpayers based on income threshold and this client may have not been able to claim the deduction).
    Thank you in advance for ideas.
    EA_TAX
  • ATSMAN
    Senior Member
    • Jul 2013
    • 2415

    #2
    Annually, the IRS sets a maximum IRA contribution limits based on inflation (measured by CPI). There are limits for an individual contribution and an age 50+ catch-up contribution. Since 1998, non-working spouses can also contribute


    A simple Google search would have shown you that. Next time try that!
    Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

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    • EA_TAX
      Member
      • Apr 2013
      • 31

      #3
      Thank you.

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