2024 Ira Contribution Limits Spouse Tax Return. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. 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.

$7,000 per year, with an additional $1,000 allowed if you’re over 50. In 2024, the contribution limit is $7,000 per year, up from $6,500 in 2023.