Contributions to an IRA are subject to annual limits established by the IRS. For 2021 and 2022, your maximum IRA contributions are $6,000 ($7,000 if you’re over the age of 50) or your taxable compensation for the year (if you make less than $6,000 under 50 or $7,000 over 50).
Please note that this annual contribution limit applies across all IRAs in your name, regardless of the account type or custodian.