Max Ira Contribution 2024 Over 50. You can contribute a maximum of $7,000 (up from $6,500 for 2023). If you're covered by a retirement plan at work, use this table to determine if your modified agi affects the amount of your deduction.
The annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 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.
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