October 26, 2020, WASHINGTON — IR-2020-244, The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2021 in Notice 2020-79, posted today on IRS.gov. (2021 IRA limit remains unchanged at $6,000)
November 6, 2019, WASHINGTON — IR-2019-179, Increase in 2020 eligibility income ranges for deductible contributions to traditional and Roth IRAs.(2020 IRA limit remains unchanged at $6,000)
November 1, 2018, WASHINGTON — IR-2018-211, IRA limit increases to $6,000
The IRS extended the 2020 annual contribution deadline to May 17, 2021
Contributions apply to Individual Retirement Accounts (IRAs and Roth IRAs), Health Savings Accounts (HSAs), and Coverdell Education Savings Accounts (Coverdell ESAs).
Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust Company is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional. Equity Institutional services institutional clients of Equity Trust Company. Brokerage Services Available Through ETC Brokerage Services, Member SIPC, and FINRA. *Founded in 1974 | Self-Directed IRA Custodian since 1983. The predecessor business to Equity Trust Company was established in 1974 and the IRS approved as a custodian in 1983. **Assets under custody as of 3/31/2021.
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