2024 Ira Contribution Limits Income Tax. You can make 2024 ira contributions until the unextended federal tax deadline (for income earned in 2024). Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira.

For both traditional and roth iras, you can contribute up to $7,000 for 2024, up from $6,500 in 2023. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for individuals age 50 or older).