Ira Limits 2024 Over 55 . The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024 and 2025. But you must have enough earned income to cover the contribution.
That means you’ll be able to stash away up to $7,000 in a roth ira in 2024, up from $6,500 in 2023. The simple ira contribution limit for 2024 is $16,000.
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