2024 Ira Contribution Limits Ira. Amount of roth ira contributions that you can make for 2024. Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your income.
The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000. You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your ira.