Ira Limits 2024 Over 50. The annual contribution limit for a traditional ira in 2023 was $6,500 or your taxable. The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000.
For 2024, the total contributions you make each year to all of your traditional iras and roth iras can’t be more than: Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings.