Traditional Ira Income Limits 2024. Those limits reflect an increase of $500 over the 2023. The irs recently announced the 2024 ira contribution limits, which are $500 more than the limits for 2023.

The contribution limits are the same for. If you’re single, your contributions to a traditional ira up to $6,500 (or $7,500 if over age 50) are deductible regardless of your income if you’re not covered by a workplace.