2024 Ira Contribution Limits Spouse Over 65. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. For 2024, the individual contribution limit for both traditional and roth iras is the lesser of:

If both are over 50, they can contribute an additional $7,500 each, potentially. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024 and 2025.