2024 Ira Contribution Limits Income Limit 2024. The annual contribution limit for a traditional ira in 2023 was $6,500 or your taxable. Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira.
For 2024, single filers must have a modified adjusted. The ira contribution limits increase to $7,000 in 2024, or $8,000 for those 50 and older.