Ira Limits 2024 Contribution 2024. The irs has officially announced the 401k and ira contribution limits for the year 2024. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for.

The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. If you are 50 and older, you can contribute an additional $1,000 for a total of $8,000.