Ira Limits 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. Your personal roth ira contribution limit, or eligibility to contribute at all, is.

But each year, the irs adjusts the rules for ira eligibility based on inflation. For 2024, you can contribute up to $7,000 in your ira or $8,000 if you’re 50 or older.