Ira Contribution Limits 20243. Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira. 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.
Individuals aged 50 and above are allowed an. Annually, the irs sets a maximum ira contribution limits based on inflation (measured by cpi).