Traditional Ira Contribution Limits 2024. Unlike roth iras, you can contribute up to the maximum contribution limit to a traditional ira regardless of your income, provided 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.

Here’s how much you can contribute to your ira in 2022, 2023, and 2024. For both  traditional and roth ira s, you can contribute up to $7,000 for 2024, up from $6,500 in 2023.