Heddi Kristal

Ira Contribution Limits 2024 Income Limits. If you have a traditional ira, a roth ira―or both―the maximum combined amount you may contribute annually across all your iras. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.

For both traditional and roth iras, you can contribute up to $7,000 for 2024, up from $6,500 in 2023. This table shows whether your contribution to a roth ira is affected by the amount of your.