2024 Ira Limits Contribution. If you're covered by a retirement plan at work, use this table to determine if your modified agi affects the amount of your deduction. 2024 ira contribution and deduction limits effect of modified agi on deductible contributions if you are covered by a retirement plan at work.
For 2024, individuals can contribute up to $7,000 to their ira accounts. This is an increase from 2023, when the limits were $6,500 and $7,500, respectively.