2024 Ira Contribution Limits Conversion. This is an increase from 2023, when the limits were $6,500 and $7,500,. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.

$6,500 if you’re younger than age 50. Less than $230,000 if you are married filing jointly or a qualifying widower.