Ira Contribution Limits 2024 Over 50 Years. The irs released 401 (k) and ira contribution limits for 2024, with higher. 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.

$6,000 ($7,000 if you’re age 50 or older), or. The combined annual contribution limit in 2024 for a traditional and roth.