Individual Ira Limits 2024. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. For both  traditional and roth ira s, you can contribute up to $7,000 for 2024, up from $6,500 in 2023.

The 2024 contribution limits for traditional and roth ira contributions are $7,000 for individuals under 50 and $8,000 for those who are 50 or older. For 2024, you can contribute up to $7,000 in your ira or $8,000 if you’re 50 or older.