To add funds to your iTrustCapital account, you will begin by:
1. Logging into your iTrustCapital dashboard.
2. Once in your dashboard, go to the USD section and click the "Add Funds" button
3. There are 3 ways to fund your account:
- Transfer from other IRAs
- Rollover from previous employer plans
- Cash Contribution
4. Depending on the method chosen, we will email you the appropriate funding instructions once the process is initiated.
You can follow our more in-depth article on how to fund your account here.
** Please Note: We are not able to fund these accounts with crypto unless they are coming In-Kind from another Crypto IRA.
Contribution Guidelines for Traditional and Roth IRAs
Contribution Guidelines Applicable to Both for 2023/2024
- Contributions can only be made in USD per IRS guidelines
-
Contribution limits for 2023:
- $6,500 if you are under 50 years old
- $7,500 if you are 50 years or older
-
Contribution limits for 2024:
- $7,000 if you are under 50 years old
- $8,000 if you are 50 years or older
Roth IRA Specific Contribution Guidelines for 2023/2024
- Filing Single - you must have a Modified Adjusted Gross Income (MAGI) under $153,000 (2023) or $161,000 (2024) to make the maximum contribution to a Roth IRA.
- If you are Married filing jointly - your MAGI must be less than $228,000 (2023) or $240,000 (2024) to make the maximum contribution to a Roth IRA
- If eligible, both you and your spouse can open your own Roth IRAs and make the maximum contribution
SEP IRA Specific Contribution Guidelines for 2023/2024
Employer contribution limits made to an Employee's SEP-IRA cannot exceed the lesser of:
- Approximately 25% of the employee's compensation (based on a formula - please confer with your tax professional)
- $66,000 for 2023 and $69,000 for 2024
For those with an Inherited IRA account, you may not make annual contributions per IRS guidelines.
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Articles in this section
- How can I fund my IRA once it’s set up?
- How do I request to add funds to my IRA?
- How long will it take to fund my IRA?
- Have you received my funds?
- Where can I view my 'Pending Inflows?' Where can I view my previous fundings?
- Where is my $100 funding reward? Where is my $100 referral / affiliate reward?