Adena Arabela

2024 Ira Contribution Limits Over 50. The roth ira contribution limits are $7,000, or $8,000 if you're 50. 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.

If you’re single, your contributions to a traditional ira up to $6,500 (or $7,500 if over age 50) are deductible regardless of your income if you’re not covered by a workplace. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024 and 2025.