Ira Contribution Limits 2024 Over 55. Ira contribution limit increased for 2024. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for.