Ira Contribution Limits 2024 Over 55

Ira Contribution Limits 2024 Over 55. Your deduction may be limited if you (or your spouse, if you are married) are covered by a retirement plan at work and your income. Those 50 and older can contribute an extra $1,000 for a total of $8,000.

Your deduction may be limited if you (or your spouse, if you are married) are covered by a retirement plan at work and your income. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older.