Question: Which statement is true about IRA contribution limits ? Contributions to Traditional and Roth IRAs are treated the same for tax purposes The combined total

Which statement is true about IRA contribution limits?
Contributions to Traditional and Roth IRAs are treated the same for tax purposes
The combined total max contribution to both a Traditional and Roth is $7,000( $8,000 for age 50 and over) for 2024
A contribution can be made to either a Roth or a Traditional for any one year, but not both
For a person age 30, the max contribution that can be made is $7,000 to a Traditional IRA plus $7,000 to a Roth IRA for 2024
 Which statement is true about IRA contribution limits? Contributions to Traditional

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