2024 Ira Contribution Limits Catch Up Calculator. For 2023, the ira contribution limit was $6,500, plus an extra $1,000 for investors age 50 and older. $7,000 ($8,000 if you're age 50 or older), or.

If you’re age 50 and older, you can add an extra $1,000 per year. The combined annual contribution limit in 2024 for a traditional and roth ira is $7,000 for those younger than age 50 and $8,000 for those 50 and older (since the latter are eligible for.