Ira Limits 2024 Tax Attorney. For those 50 and older, you can contribute up. For 2024, the federal and gift tax exemption amount is $13.61 million per individual (allowing a married couple to shield up to $27.22 million from federal.
So, any inherited ira account holder who failed to take an annual rmd in those years would not be assessed. You can soon save more money for retirement, thanks to an increase in ira and 401(k) contribution limits for 2024.