Roth Ira Contribution Limits 2024 Calculator App. At certain incomes, the contribution amount is lowered until it is eliminated completely. 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.

The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you’re age 50 or older. For example, single filers and heads of household face specific magi thresholds.