Ira 2024 Contribution Limit Chart 2024

Ira 2024 Contribution Limit Chart 2024. Ira contribution limit increased for 2024. To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year) if single or between $230,000 and.

For both traditional and roth iras, you can contribute up to $7,000 for 2024, up from $6,500 in 2023. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older.