Ira Contribution Limits 2024 Salary Cap . The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. For both traditional and roth iras, you can contribute up to $7,000 for 2024, up from $6,500 in 2023.
The deductibility phaseout for ira contributions for those with a retirement plan at work. There is an aggregate limit on the amount you can contribute to a traditional and roth ira.
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