Ira Limits 2024 . The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000. If you have a traditional ira, a roth ira―or both―the maximum combined amount you may contribute annually across all your iras is the same:
The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your ira.
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