Jonie Latrina

Ira Contribution Limits 2024 Over 70. As a couple, you can contribute a combined total of $14,000 (if you're both under 50) or $16,000 (if you're both 50 or older) to a traditional ira for 2024. Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your income.

For both  traditional and roth ira s, you can contribute up to $7,000 for 2024, up from $6,500 in 2023. Retirement savers age 50 and older can chip in an.