Traditional Ira Contribution Limits 2024 Age . The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. You can make 2024 ira contributions until the unextended federal.
You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your ira. The contribution limit for a traditional ira in 2024 is $7,000 or $8,000 for those age 50 and older.
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