2024 Ira Contribution Maximum Limit

2024 Ira Contribution Maximum Limit. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for individuals age 50 or older). The contribution limit for employees who participate in 401(k), 403(b), most 457 retirement plans, and the federal government's thrift savings plan is $22,500 for 2023.

The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. The roth ira contribution limit for 2024 is $7,000 for those under 50, and $8,000 for those 50 and older.