The traditional IRA allows tax-deductible contributions of up to $5,500 ($6,500 for those age 50 or older) in 2018 for individuals who are not covered by employer-sponsored retirement plans or meet income qualifications if they have an employer plan.

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The traditional IRA allows tax-deductible contributions of up to $5,500 ($6,500 for those age 50 or older) in 2018 for individuals who are not covered by employer-sponsored retirement plans or meet income qualifications if they have an employer plan.

The Traditional IRA Allows Tax-Deductible Contributions of Up to $5,500