2024 Ira Contribution Limits Estimated

2024 Ira Contribution Limits Estimated. If you're age 50 or older, you're eligible for extra contributions as well. The limit on annual contributions to an ira increased to $7,000 in 2024, up from $6,500 in 2023—that limit applies to the total amount contributed to your traditional and roth iras.

Here’s a breakdown of the limits. You can stash away an extra $500 in most retirement savings plans in 2024.