2024 Ira Contribution Limits Income Over 65. The contribution limits for traditional ira contributions that you can deduct on your tax return are the most stringent; 2024 ira contribution limits for all ira types, you can contribute up to $7,000 in 2024 ($8,000 if you’re 50 and older).

The maximum total annual contribution for all your iras (traditional and roth) combined is: The maximum contribution for 2024 is $7,900, but if you are age 50 or over, it is $8,000.