Traditional Ira Income Limits 2024 Over 65. Contributions are limited to the lesser of earned income or $6,500 in 2023 and $7,000 in 2024 for those under the age of 50 or $7,500 in 2023 and $8,000 in 2024 for. Traditional ira contribution limits for 2024.

Those limits reflect an increase of $500 over the 2023. Unlike with a roth ira, there’s no income limit for those who can contribute to a traditional ira.