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Maximum Ira Catch Up Contribution 2024. If you're age 50 and older, you. This is an increase from 2023, when the limits were $6,500 and $7,500,.

The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. For tax year 2024, savers can defer paying income tax on an ira contribution up to $7,000 for those under 50, and $8,000 for those.