2024 Max Ira Contribution Amounts. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. For the tax year 2024, the maximum contribution to a roth ira is $7,000 for those younger than 50 and $8,000 for those who are 50 or older.
For 2024, employees can defer up to $23,000 into 401 (k) plans, up from $22,500 in 2023, with an extra $7,500 for workers age 50 and older. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.