2024 Ira Contribution Limits. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.

More people will be able to make contributions to roth ira. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you’re age 50 or older.