Traditonal Ira Contribution Limits 2024. If you're covered by a retirement plan at work, use this table to determine if your modified agi affects the amount of your deduction. If you are 50 and older, you can contribute an additional $1,000 for a total of $8,000.

For both  traditional and roth ira s, you can contribute up to $7,000 for 2024, up from $6,500 in 2023. You can contribute to an ira at any age.