Ira Limits 2024 Taxable Income. $6,500 (for 2023) and $7,000 (for 2024) if you're under age 50. The combined annual contribution limit in 2024 for a traditional and roth ira is $7,000 for those younger than age 50 and $8,000 for those 50 and older (since the latter.

The combined annual contribution limit in 2024 for a traditional and roth ira is $7,000 for those younger than age 50 and $8,000 for those 50 and older (since the latter. But you can still earn a 4.50% apy, or something in that vicinity, if you shop around.