Ira Limits 2024 Mfj. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. The roth ira income limit to make a full contribution in 2024 is less than $146,000 for single filers, and less than $230,000 for those filing jointly.
The maximum amount you can contribute to all traditional iras and roth iras is $6,500, or $7,500 for those 50 or older for tax year 2023. You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your ira.