Ira Contribution Limits 2024 Age Limit

Ira Contribution Limits 2024 Age Limit. 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). The contribution limits are the same for traditional and roth iras.

For 2020 and later, there is no age limit on making regular contributions to traditional or roth iras. If you’re age 50 and older, you can add an extra.