Ira Limits 2024 Income Limits Over 50. If you are under age 50, you may contribute $7,000 a year. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024 and 2025.

If you are age 50 or older, you may contribute $8,000 a year. Since 2001, contribution limits have been indexed to inflation and workers aged 50 or above were allowed to throw in a.