Ira Deduction Limits 2024 Agi Limit. Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira. If you're not covered by a retirement plan at work, use this table to determine if your modified agi affects the amount of your deduction.
Ira contribution limit increased for 2024. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you’re age 50 or older.