Ira Contribution 2024 Max. Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira. 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).

For 2024, the total contributions you make each year to all of your traditional iras and roth iras can’t be more than: For both traditional and roth iras, you can contribute up to $7,000 for 2024, up from $6,500 in 2023.