2024 Ira Limits Over 50

2024 Ira Limits Over 50. 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 retirement. $23,000 as an employee contribution and $30,500 for those over 50.

Unlike traditional iras, there are income limits on who can open a roth ira. $23,000 as an employee contribution and $30,500 for those over 50.