Traditional Ira Contribution Limits 2024 Magi. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older. Getting divorced doesn't affect your roth ira—but check the income limits.

Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira. Traditional ira contribution limits for 2024.