Max Ira Contribution 2024 Over 60 . This is an increase from 2023, when the limits were $6,500 and $7,500, respectively. Retirement savers age 50 and older can chip in an extra.
— the contribution limits for traditional ira contributions that you can deduct on your tax return are the most stringent; — for 2024, you can contribute up to $7,000 in your ira or $8,000 if you’re 50 or older.
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