Ira 2024 Contribution Limit Over 50. It will stay the same at $7,000 in 2025. 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).
For 2024, individuals can contribute up to $7,000 to their ira accounts. The maximum amount you can contribute to all traditional iras and roth iras is $6,500, or $7,500 for those 50 or older for tax year 2023.