Traditional Ira Contribution Limits 2024 Magi. $7,500 (for 2023) and $8,000. โ 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.
For the 2022 tax year, the annual contribution limit is $6,000, or $7,000 if you are 50 or older. These contribution limits apply to gross.