Traditional Ira Contribution Limits 2024. The maximum total annual contribution for all your iras combined is: For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023.

$7,000 ($8,000 if you’re age 50 or older), or. For traditional iras and roth iras, the contribution limit for 2024 is $7,000.