Ira Contribution Limits 2024 Chart. Contribution maximums and other dollar limits are readjusted. The irs announced the changes to the dollar limits on benefits and contributions under qualified retirement plans, as well as other items, for tax year 2024.

The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000. Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your income.