Traditional Ira Income Limits 2024 Single. 2024 traditional ira contribution limits. โ you may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your ira.
While there are no income limits for contributing to a traditional ira, there are income limits for deducting your contributions on your tax return. โ the ira contribution limit is $7000, or $8000 for individuals 50 or older in 2024.