2024 Ira Contributions Limits. The irs has increased the contribution limits for the tax year 2024. Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your income.
The 2024 roth ira income limits are $161,000 for single tax filers and $240,000 for those married filing jointly. This table shows whether your contribution to a roth ira is affected.