2024 Ira Contribution Limits Irs Over 50.  — the traditional ira or roth ira contribution limit is $7,000 in 2024. It will stay the same at $7,000 in 2025.

 — for 2024, individuals younger than 50 can contribute up to $7,000 to a traditional ira or roth ira. If you’re single, your contributions to a traditional ira up to $6,500 (or $7,500 if over age 50) are deductible regardless of your income if you’re not covered by a workplace retirement.