2024 Ira Contribution Limits Estimate. These contribution limits apply to gross contributions, meaning total contributions to both a traditional ira and a roth ira cannot exceed $7,000 or $8,000 if you. Ira contribution limits for 2024.

For the 2024 year, individuals under the age of 50 can contribute $7,000 to an ira. I estimate it will increase to $70,000 in 2025 (or $71,000 if inflation is high).