2024 Ira Contribution Limits 2024. This is an increase from 2023, when the limits were $6,500 and $7,500,. The simple ira contribution limit increased by $500 for 2024, and workers at small businesses can contribute up to $16,000 or $19,500 if 50 or over.
The contribution limits are the same for. Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your income.