what are the ira limits 
the ira contribution limits for 2023 are 6 500 7 000 in 2024 if you are aged 50 and over you may contribute an additional 1 000 in both 2023 and 2024 these limits are for both traditional iras and roth iras 3can i contribute to both a traditional ira and a roth ira yes you can contribute to both a traditional ira and a roth ira there are no restrictions on contributing to both however the total amount you contribute to both cannot be over the overall limit for iras set by the irs which is 6 500 in 2023 and 7 000 in 2024 with an additional 1 000 allowed in both years if you re 50 and over 3