Joli Rowena

2024 Ira Limits Catch Up 2024. As of 2024, you are allowed to contribute up to $7,000 to traditional or roth iras, with an extra $1,000. You can contribute a maximum of $7,000 (up from $6,500 for 2023).

The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.