Traditional Ira Contribution Limits 2024 Magi . The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. If your magi is $77,000 or less, you can deduct that full $7,000 from your taxable income on your 2024 tax return (filed in 2025).
Know about both roth and traditional ira limits. The maximum contribution per year is.
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Roth Contribution Limits 2024 Magi Cinda Yettie , If your magi is $77,000 or less, you can deduct that full $7,000 from your taxable income on your 2024 tax return (filed in 2025).