2024 Contribution Limits Ira. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. You can contribute to an ira at any age.

The irs has released the 401(k) and ira contribution limits for 2024. 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.