2024 Ira Limits Contribution. Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your. What are the ira contribution limits for 2024?

The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. The maximum amount you can contribute to a roth ira in 2023 is $6,500, or $7,500 if you’re age 50, or older.