Ira Contribution Limit 2024 Over 50. In 2024, your magi has to be under $146,000 for single filers or under $230,000 for joint filers to make the full roth ira contribution of $7,000 (or $8,000 if you're 50 or older). The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.

For 2024, individuals younger than 50 can contribute up to $7,000 to a traditional ira or roth ira. The maximum total annual contribution for all your iras combined is: