Contribution Limits 2024 Ira Over 50. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 tax year was $7,000 or $8,000 if you were age 50 or older. The total contributions you make to all your traditional iras and roth iras in 2024 can’t exceed the lesser of the following:
If you’re a single filer, you’re eligible to contribute a portion of the full amount if your magi is $146,000 or more, but less than $161,000. More people will be able to make contributions to roth ira accounts, too.
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