Final answer:
The maximum contribution to a Roth IRA is the same as for a traditional IRA, with limits being $5,500, or $6,500 for those 50 and older for the years 2014 and 2015.
Step-by-step explanation:
The maximum contribution that a taxpayer can make into a Roth IRA is the same as the allowable contribution for a traditional IRA. Both types of IRAs have an annual contribution limit, which is subject to change. For example, for the years 2014 and 2015, the total contributions to all of your traditional and Roth IRAs could not exceed $5,500, or $6,500 if you were age 50 or older. While the contributions to a traditional IRA are pretax and the withdrawals during retirement are taxed, the Roth IRA contributions are made with after-tax dollars, and as such, the withdrawals during retirement are not taxed.