2024 Ira Contribution Limits Estimate. For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023. The contribution limit for 401(k), 403(b), thrift savings plans and most 457 plans will be $23,000 in 2024, rising from $22,500 in 2023.
Single filers can contribute the maximum amount to a roth ira if their modified adjusted gross income is less than $146,000. The irs has increased the contribution limits for the tax year 2024.