Ira Contribution Limits 2024 Deadline Extended. You can make 2024 ira contributions until april 15, 2025. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for individuals age 50 or older).

That’s a $500 jump from the $23,000 limit in 2024. The irs sets annual ira contribution limits, income thresholds and deadlines for your account.