Ira Contribution Limits 2024 Income Tax. If you’re a single filer,. To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year) if single or.
The total contribution limit for iras in 2024 is $7,000. For individuals under the age of 50, the general ira contribution limit is now set at $7,000, a $500 increase from the 2023 tax year.