2024 Ira Contribution Limits 2024 Married. Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira. 12 rows if you file taxes as a single person, your modified adjusted gross income (magi) must be under $153,000 for tax year 2023 and $161,000 for tax year 2024 to contribute.
Anyone can contribute to a traditional ira, but your ability to deduct contributions. The roth ira contribution limit for 2024 is $7,000 for those under 50, and $8,000 for those 50 and older.