Traditional Ira Contribution Limits 2024 Nfl. Traditional ira contributions are deductible, but the amount you can deduct may be reduced or eliminated if you or your spouse are covered by a retirement plan at work. 11 rows ira contribution limits for 2024 and 2025 are $7,000 for adults under 50 and $8,000 for those 50 and older.
Wondering how much you can contribute to a traditional ira each year? You may be able to claim a deduction on your individual federal income tax return for the amount you contributed to your ira.