Traditional Ira Contribution Limits 2024 Magi

Traditional Ira Contribution Limits 2024 Magi. 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.  — your modified adjusted gross income (magi) determines your contribution capacity to an ira, particularly for a roth ira.

Anyone can contribute to a traditional. The contribution limit for a traditional ira in 2024 is $7,000 or $8,000 for those age 50 and older.