2024 Ira Contribution Limits Over 50

2024 Ira Contribution Limits Over 50. For 2024, the ira contribution limit is $7,000 for those under 50. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for individuals age 50 or older).

 — there is an aggregate limit on the amount you can contribute to a traditional and roth ira. Those limits reflect an increase of $500 over the 2023.