Karla Marline

2024 Ira Contribution Limits Irs. $7,500 if you're aged 50 or older. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.

Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your income. For people 50 and older, you may contribute an additional $1,000.