2024 Max Ira Contribution Limits Over 50. For 2024, individuals younger than 50 can contribute up to $7,000 to a traditional ira or roth ira. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.
This is an increase from 2023, when the limits were $6,500 and $7,500,. The 2024 roth ira income limits are $161,000 for single tax filers and $240,000 for those married filing.