Ira 2024 Contribution Limit Chart. Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for.
If you’re age 50 and older, you. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older.