2024 Ira Contribution Limits Estimated Tax. You can contribute up to $6,500 a year into a traditional ira in 2024 (or $7,500 if you are over 50). Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government's thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.
Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira. You can contribute up to $6,500 a year into a traditional ira in 2024 (or $7,500 if you are over 50).