In the years 2009 and 2010, there were several changes to the IRA contributions rules. The truth is one of the biggest changes to occur in these couple of years is the contribution limits. Contributions on your IRA account are important and you may need to take notice that the contributions on your IRA can be changed on an annual basis. If you are already a contributor to an individual retirement account (IRA) or you intend to open one, you will need to be aware of the contribution limits.
