Ira Contribution 2024 Limits In India. If you were 50 or older by the end of 2023, you could have contributed up to $7,500 total. 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.

This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose. The irs released 401(k) and ira contribution limits for 2024.