IRA contribution limits

For both Traditional and Roth IRAs

Source: about.com

The annual dollar limit is:


* 2007..... $4000

* 2008..... $5000


For those 50 and over before the close of the taxable year, the following annual limit applies:


* 2007..... $5000

* 2008..... $6000

According to wikipedia: Starting in 2009, contribution limits will increase in $500 increments based on inflation.