Ira Contribution Limits 2024 Catch Up Contribution. Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira. That's up from the 2023 limit of $15,500.

The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. For both traditional and roth iras, you can contribute up to $7,000 for 2024, up from $6,500 in 2023.