Regular Limits. As of tax year 2010, the annual IRA contribution limit is $5,000 for people under 50. If you have more than one IRA, whether individual or Roth, your total contributions cannot exceed this limit.For example, if you put $2,800 into one IRA in 2010, you can only put $2,200 in your other account that year.atch-Up Contributions. To encourage retirement saving among older workers, the IRS allows wage earners 50 and older to contribute an addition $1,000 per year total to their accounts as of 2010. So, a 58-year-old with two IRAs can contribute $3,800 to one IRA and $2,200 to another.