Tax Year	IRA Limit for Individuals Age 49 and Under	IRA Limit for Individuals Age 50 and Older
2016	$5,500	$6,500
2017	$5,500	$6,500
2018	$5,500	$6,500
2019	$6,000	$7,000
2020	$6,000	$7,000
2021	$6,000	$7,000
2022	$6,000	$7,000