<< 1. Given two possible policies on the part of IRS, your hunch should be that IRS has chosen the policy that hurts tax payers more. >>Although this response was correct, it pushed one of my touchiest buttons. IRS has nothing to do with setting the amount of the IRA contribution limit. It's established by Congress in the Internal Revenue Code. This limit is in section 408A(b)(2).The Code provides that the total contribution to traditional and Roth IRAs combined is limited to $2,000 per year.TMF ExROPhil Marti
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