Traditional Ira Income Limits 2024 Income. Whether you’re contributing to a traditional ira, roth ira, or a combination, the 2024 contribution limit is $7,000, or $8,000 for those aged 50 and. Deciding between a solo 401k and a sep ira depends on your income level, business needs, and retirement goals.

The 2024 traditional ira income limits are as follows: Income limits to deduct traditional ira contributions and income limits for roth ira.