Support Home IRAs What is the maximum annual contribution for an IRA? What is the maximum annual contribution for an IRA? For the 2023 tax year: If you're under age 50, you can contribute up to $6500. If you're age 50 or older, you can contribute up to $7500. Limits could be lower based on your income. Related Questions: What is the difference between a Traditional IRA and Roth IRA? What is the proper input for the Financial Disclosure at the end of the IRA opening process? What is an RMD? At what age can you no longer contribute to an IRA? Was this article helpful? Yes / No