Ira 2024 Contribution Limit Chart. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. 1, 2024, the following limits apply:

The chart below details the modified adjusted gross income (magi) limits for 2024 based on the filing status of the tax return. Compensation cap under 401(a)(17) $345,000: