Ira Contribution Limits 2024. The annual contribution limit for a traditional ira in 2023 was. This is an increase from 2023, when the limits were $6,500 and $7,500,.

If you are under age 50,. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older.