2024 Ira Contribution Limits Chart. The maximum amount you can contribute to a traditional ira or a roth ira in 2024 will be $7,000 (or 100% of your earned income, if less), up from $6,500 in 2023. For individual retirement accounts, or iras—both roth and traditional types —2024 contributions will max out at $7,000, up from $6,500 in 2023.
If you are 50 or older by the end of 2024, you may contribute up to $8,000 to a roth ira. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024 and 2025.
