2024 Ira Contribution Limits Catch Up Over 55

2024 Ira Contribution Limits Catch Up Over 55

2024 Ira Contribution Limits Catch Up Over 55. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. Here's a rundown of the 2023 and 2024 roth ira income and contribution limits, based on your filing status and modified adjusted gross income (magi):


2024 Ira Contribution Limits Catch Up Over 55

The table below shows the aggregate contribution limits for these two accounts by tax year for the past decade. For 2024, individuals younger than 50 can contribute up to $7,000 to a traditional ira or roth ira.

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