2024 Ira Contributions Limits

2024 Ira Contributions Limits. Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your income. For 2024, individuals can contribute up to $7,000 to their ira accounts.

 — for 2024, you can contribute up to $7,000 in your ira or $8,000 if you’re 50 or older. Unlike traditional iras, there are income limits on who can open a roth ira.