2024 Ira Contribution Amount Uk.  — 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. $7,000 ($8,000 if you're age 50 or older), or.

 — the contribution limit for an ira is $6,000 for the 2020 tax year. The irs has increased the contribution limits for the tax year 2024.