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Traditonal Ira Contribution Limits 2024

Traditonal Ira Contribution Limits 2024. The contribution limit for a traditional ira in 2024 is $7,000 or $8,000 for those age 50 and older. Whether you’re contributing to a traditional ira, roth ira, or a combination, the 2024 contribution limit is $7,000, or $8,000 for those aged 50 and older.


Traditonal Ira Contribution Limits 2024

Your deduction may be limited if you (or your spouse, if you are married) are covered by a retirement plan at work and your income. The maximum total annual contribution for all your iras (traditional and roth) combined is:

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