2024 Ira Contribution Limits Income Over 65. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 and 2025 tax years is $7,000 or $8,000 if you are age 50 or. Roth ira contributions are allowable at a higher income limit.

If you have a traditional ira, a roth ira―or both―the maximum combined amount you may contribute annually across all your iras is the same:. $7,000 ($8,000 if you’re age 50 or older), or.