Ira Limits 2024 Married Person. 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. Meanwhile, a person who isn’t covered by a workplace.

The irs has adjusted 2024 retirement account rules on who can contribute to a roth ira and who gets a tax deduction for traditional ira contributions. The maximum total annual contribution for all your iras (traditional and roth) combined is: