2008 roth IRA contribution limits

Answer 1

The contribution limits are the same for 2008 and 2009:

$5000 if you are under 50 or $6000 if you are 50 or over

MINUS

the amount you contributed to a traditional IRA.

But, you may not contribute more than the amount of your taxable compensation income (which includes taxable wages, net self-employment, and alimony received).

Note that it is too late to make a 2008 IRA or Roth IRA contribution now.