Traditional Ira Contribution Limits 2024 Magi. The 2024 roth ira income limits are less than $161,000 for single tax filers and less than $240,000 for those married filing jointly. 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).

The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. Traditional ira income limits for 2024.