Traditional Ira Contribution Limits 2024 Magi. In general, for the 2024 tax year, the contribution limits for traditional individual retirement accounts (iras) are as follows: You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your ira.
For example, a 2024 ira contribution must be made by april. Ira contributions after age 70ยฝ.