Ira Limits 2024. But each year, the irs adjusts the rules for ira eligibility based on inflation. In 2024, those adjustments will make a big difference in who can contribute to a roth ira, and who can deduct contributions to a traditional ira from their taxable income.
The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. The max 401 (k) limit is $69,000 for 2024, which includes deferrals, employer matches, profit sharing and other deposits.