Ira Income Limits 2024 For Conversion Calculator. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. Here, $50,000 staggered conversions would mean the difference between $150,000 per year and $200,000 per year of taxable income.
$6,500 (for 2023) and $7,000 (for 2024) if you’re under age 50. The contribution limit in 2024 for those aged 49 and below is $7,000.