2024 Ira Contribution Limits 2024 Over 55. 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. The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000.
Ira contribution limit increased for 2024. In addition to the general contribution limit that applies to both roth and traditional iras, your roth ira.