2024 Max Ira Contribution Amounts By State. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. If you're age 50 or older, you're eligible for extra contributions as well.

Ira contribution limits for 2024 are $7,000 for those who are younger than 50 and $8,000 for those who are 50 or older. The annual contribution limit for a traditional ira in 2023 was.