2024 Ira Contribution Limits Estimates. After an increase to the traditional and roth individual retirement account (ira) regular contribution limit in 2023, the limit will again increase $500 for 2024. For 2024, the annual contribution limits on iras increased by $500, bringing the total to $7,000.

It will stay the same at $7,000 in 2025. If you are 50 and older, you can contribute an additional $1,000 for a total of $8,000.