Ira Contribution Limits 2024 Catch Up In India. $13,500 in 2020 and 2021; Learn how much you can contribute to a roth ira in 2024 based on your income and age, and how to avoid overcontributing or paying penalties.

For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023. For individual retirement accounts, or iras—both roth and traditional types —2024 contributions will max out at $7,000, up from $6,500 in 2023.