Joyan Malvina

Ira Limits 2024 Contributions Over 50. Ira contribution limits and deadlines. For 2024, individuals younger than 50 can contribute up to $7,000 to a traditional ira or roth ira.

You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your ira. If you are age 50 or older by the end of the year, your individual limit is increased by $7,500 in 2023 and 2024;