Ira Limits 2024 Mfj 2024. As a couple, you can contribute a combined total of $14,000 (if you're both under 50) or $16,000 (if you're both 50 or older) to a traditional ira for 2024. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.

The annual contribution limit for a traditional ira in 2023 was $6,500 or your taxable income. You can contribute a maximum of $7,000 (up from $6,500 for 2023).