How much can I contribute to an IRA? How can I make a contribution?

You may contribute to an IRA, or, if you are eligible for a Roth IRA, any amount up to the $5,500 (for 2013) or 100% of your compensation if less than $5,500. If you and your spouse file a joint income tax return and your spouse has little or no income, you can contribute a total of $13,000 to separate IRAs established for you and your spouse. Additionally, a Catch-Up contribution of an additional $1,000 in 2013 can be made if you are age 50 or older in the contribution year. Learn more here.

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