2024 Ira Contribution Limits Catch Up 2024. As a reminder, employees who are 50 and older are allowed to. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.

If you’re age 50 or older, you’re eligible for extra contributions as well. For 2024, the total contributions you make each year to all of your traditional.