2024 Irs Contribution Limits Irs. You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your ira. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.

Workers who contribute to a 401(k), 403(b), most 457 plans, and the federal. This limit applies to both traditional and roth employee contributions.