Traditional Ira Contribution Limits 2024 Mfj

Traditional Ira Contribution Limits 2024 Mfj. For 2024, you can contribute as much as $7,000 to an ira or $8,000 if you're age 50 and older. You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your ira.

Anyone with earned income can contribute to a traditional ira, but your income may limit your. The maximum contribution limit for a traditional ira is $7,000 in 2024, unless you are at least 50 years old.