Ira Contribution Limits 2024 Salary Cap. Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your income. Income limits for a roth ira set the maximum earnings individuals or couples can have to qualify for contributions within a specific year.
$7,500 (for 2023) and $8,000. The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000.