2025 Ira Limits Over 50
2025 Ira Limits Over 50
If you are 50 and older, you can. Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your income.
For 2025, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023. The total contributions you make to all your traditional iras and roth iras in 2025 canโt exceed the lesser of the following: