2024 Ira Contribution Limits Income Limit Over 50. In 2024, if your contribution as an individual exceeds $18,000 and $36,000, as a couple, to one person, you trigger a federal gift tax. In addition to the general contribution limit that applies to both roth and traditional iras, your roth ira contribution may.
Annual benefit limit for defined benefit plans: The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024 and 2025.