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2024 Simple Ira Contribution Amount. — review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira. The irs revises this limit.
— the limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older. This is an increase from 2023, when the limits were $6,500 and $7,500,.
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