Ira Contribution Limits 2024 Chart

Ira Contribution Limits 2024 Chart. Those are the caps even if you make more, up to the phaseout level. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.

The 2024 roth ira income limits are $161,000 for single tax filers and $240,000 for those married filing jointly. 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.