Ira Limits 2024 Catch Up Over 55. A person who turns 50 this year and starts contributing can sock away $128,000 in an ira by age. For 2024, you can contribute as much as $7,000 to an ira or $8,000 if you're age 50 and older.

If you are 50 or older by the end of 2024, you may contribute up to $8,000 to a roth ira. Ira contribution limits for 2024 and 2025 are $7,000 for adults under 50 and $8,000 for those 50 and older.