Ira Limits 2024 Catch Up Income. Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your income. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.
For 2024, one can contribute up to $7,000 or $8,000 if at least age 50. You can make 2024 ira contributions until the unextended federal tax deadline (for income earned in 2024).
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