Think "IRA" before doing your taxes

What are the IRA contribution limits for 2019 Tax Season? To put on 2019 taxes (up until April 15th, 2020): You can open an IRA at Bath State Bank for $50. The 2019 IRA contribution limit for someone under age 50 who qualifies with earned income is $6,000. Over age 50 the limit is $7,000 with earned income.

If you’ve filed your taxes, no worries! You can get a jump-start and set one up now for 2020. The amounts are the same for this tax year. Ask us for details!