April Brietta

Ira Contribution Phase Out 2024. For 2024, you can contribute up to $7,000 in your ira or $8,000 if you’re 50 or older. Modified agi limit for traditional ira contributions increased.

The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year).