Ira Contribution Limits 2024 Magi. This threshold is increased to $8,000 for individuals 50 and older. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.
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. If you have a traditional ira, a roth ira―or both―the maximum combined amount you may contribute annually across all your iras is the same:.