Ira Limits 2024 Over 55. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024 and 2025. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 and 2025 tax years is $7,000 or $8,000 if you are age 50 or.
The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000. This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose.