2024 Ira Contribution Limits Estimate. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose.
You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your ira. The maximum total annual contribution for all your iras (traditional and roth) combined is: