Roth Ira Limits 2024 Phase Out Calculator. As of 2024, you can deduct the lesser of $2,500 or the amount of interest you paid during the year. The same combined contribution limit applies to all of your roth and traditional iras.
$7,000 or $8,000 if you are 50 years or older, and for 2023 are: For 2024, the limits are: