2024 Ira Contribution Maximum. In 2023, the contribution limits were $6,500, or $7,500 for taxpayers who are 50 or older. 2024 ira contribution and deduction limits effect of modified agi on deductible contributions if you are covered by a retirement plan at work.
Ira contribution limit increased for 2024. The 2024 maximum ira contribution limit will be $7,000 an increase of $500 over the 2023 maximum ira contribution limit (which was also an increase of $500 over the prior year).