Ira Contribution 2024 Over 50. You can contribute a maximum of $7,000 (up from $6,500 for 2023). 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.

The maximum total annual contribution for all your iras (traditional and roth) combined is: For both traditional and roth iras, you can contribute up to $7,000 for 2024, up from $6,500 in 2023.