Ira Limits 2024 Contribution. — the 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. Here's how a roth ira works.
— in addition, there are limits to the total amount that can be put into a spousal ira during the year. For the 2024 tax year, the irs allows up to $7,000 in contributions to an ira for individuals.