Ira Contribution Limits 2024 Chart. The annual contribution limit for a traditional ira in 2023 was $6,500 or your. For 2020 and later, there is no age limit on making regular contributions to traditional or roth iras.

The annual contribution limit for a traditional ira in 2023 was $6,500 or your. 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).