2024 Ira Contribution Limits Income. The 2025 401(k) contribution limit increased to $23,500, up from $23,000 in 2024. 2024 ira contribution and income limits the contribution limit for traditional and roth iras will increase to $7,000 in 2024.
The 2024 contribution limits for traditional and roth ira contributions are $7,000 for individuals under 50 and $8,000 for those who are 50 or older. Hereโs what you need to know to maximize your retirement savings in 2024.