Ira Contribution Limits 2024 Over 55. 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. For 2024, individuals can contribute up to $7,000 to their ira accounts.

Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the. 2024 ira contribution limits 2024 over 55.