Ira Contribution Limits 2024 Phase Out Over 55. Find out if your modified adjusted gross income (agi ) affects your roth ira contributions. The annual contribution limit for a traditional ira in 2023 was $6,500 or your taxable income.
If you’re age 50 or older, you’re eligible for extra contributions as well. Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira.