Traditional Ira Income Limits 2024 Over 50. You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your ira. For both traditional and roth iras, you can contribute up to $7,000 for 2024, up from $6,500 in 2023.

Learn how ira income limits vary based on which type of ira you have. That breaks down to roughly $583 a.