Suzi Aveline

2024 Max Ira Contribution Over 55. If you're age 50 or older, you're eligible for extra contributions as well. Americans who are 50 or older can contribute an additional $1,000 in.

The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000. As a couple, you can contribute a combined total of $14,000 (if you’re both under 50) or $16,000 (if you’re both 50 or older) to a traditional ira for 2024.