2024 Ira Contribution Limits Spouse. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you're age 50 or older. The irs limits how much someone can contribute to an ira each year.
$6,500 per year, with an additional $1,000 allowed if you’re over 50; Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your income.