Individual Ira Limits 2024. This is an increase from 2023, when the limits were $6,500 and $7,500,.  — for 2024, you can contribute up to $7,000 in your ira or $8,000 if you’re 50 or older.

For 2024, the total contributions you make each year to all of your traditional iras and roth iras can’t be more than:  — 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.