Ira Limits 2024 Mfj 2022. The contribution limit for both a traditional and roth ira is $6,500 in 2023, rising to $7,000 in 2024. retirement savers age 50 and older can chip in an extra.

Find out if you can contribute and if you make too much money for a tax deduction. If you’re not covered by a retirement plan at work, use this table to determine if your modified agi affects the amount of your deduction.