Ira Contribution 2024 Max. As a couple, you can contribute a combined total of $14,000 (if you're both under 50) or $16,000 (if you're both 50 or older) to a traditional ira for 2024. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.
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 you have roth iras,.