2024 Ira Contribution Limits Rules. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you're age 50 or older. The maximum total annual contribution for all your iras combined is:

$6,500 (for 2023) and $7,000 (for 2024) if you’re under age 50; The maximum amount you can contribute to a roth ira for 2024 is $7,000 (up from $6,500 in 2023) if you’re younger.