Ira Limits 2024 Income Tax Deduction. You can make a contribution to your ira by having your income tax refund (or a portion of your refund), if any, paid directly to your traditional ira, roth ira, or sep ira. The roth ira contribution limit for 2024 is $7,000 for those under 50, and $8,000 for those 50 and older.
The 2024 roth ira income limits are $161,000 for single tax filers and $240,000 for those married filing jointly. If youโre a single filer,.