Traditional Ira Income Limits 2024 Over 55. Traditional ira contribution limits are up $500 in 2024 to $7,000. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.

For 2024, the total contributions you make each year to all of your traditional. In 2024, you can contribute an additional $500 to either account.