Maximum Ira Catch Up Contribution 2024 Over 60. For both traditional and roth iras, you can contribute up to $7,000 for 2024, up from $6,500 in 2023. If you’re turning 50 or older and exceed the irs elective deferral (or annual additions) limit, then your contributions will automatically start counting toward the irs.

The limit on combined employee and employer contributions is $69,000, up from $66,000 in 2023. Under this new provision, effective for the 2025 tax year, active participants aged 60 through 63 can contribute the.