2025 Ira Contribution Limits Irs Over 50

2025 Ira Contribution Limits Irs Over 50. The deal gets sweeter for those aged 50 and older, who can contribute an additional $1,000. The maximum amount you can contribute to a roth ira for 2025 is $7,000 (up from $6,500 in 2023) if you're younger than age 50.

This threshold is increased to $8,000 for individuals 50 and older. The annual contribution limit for a traditional ira in 2023 was.