Ira Contribution Limits 2024 Over 50 Years

Ira Contribution Limits 2024 Over 50 Years. This is an increase from 2023, when the limits were $6,500 and $7,500,. Couples can double the amount if.

If you’re single, your contributions to a traditional ira up to $6,500 (or $7,500 if over age 50) are deductible regardless of your income if you’re not covered by a. As a couple, you can contribute a combined total of $14,000 (if you’re both under 50) or $16,000 (if you’re both 50 or older) to a traditional ira for 2024.