Ira Contribution Limits 2024 Income Limits Over 60

Ira Contribution Limits 2024 Income Limits Over 60. If you're age 50 or older, you're eligible for extra contributions as well. 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:

The maximum contribution for 2024 is $7,900, but if you are age 50 or over, it is $8,000. 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.