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catch up provision

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New member
What is the name of your state? Minnesota

Is the ability to use the catch up provision after the age of 50 for IRAs impacted if you contribute to a 457(b)? Normal contribution is $6,000 for 2019 with a $1,000 catch up if over 50. I am finding material that says if you participate in most 457(b) accounts the catch up is then the normal $6,000? Is this accurate and what is most? Also, for a 457(b) the limit is $18,000 with a combined total of IRA and 457(b) is $24,000. Does that mean if you don't contribute that total $18,000 to 457(b) you can then use that $1,000 catch up towards the IRA? Most people are telling me nope the only factor is if you are over 50 and you can do the $1,000 as are most websites, but IRS site has language that reads differently? Very confusing.

Taxing Matters

Overtaxed Member
You may make the $1,000 catch up contribution to your IRA once you reach age 50. However, your ability to deduct that contribution (assuming this is a traditional IRA) may be limited by contributions made to an employer plan in the same year. See the discussion on the deduction limits for traditional IRA that starts on page 10 of IRS Publication 590-A.
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