2024 Ira Contribution Limits Over 55

2024 Ira Contribution Limits Over 55. 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. Those limits reflect an increase of $500 over the 2023.

Know about both roth and traditional ira limits. 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).