Ira Limits 2024 Mfj

Ira Limits 2024 Mfj. $7,000 ($8,000 if you're age 50 or older), or if less, your. You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your ira.

If you’re age 50 and older, you can add an extra $1,000 per year. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.