John B Cox

2025 Max Ira Contribution Over 55. If you're age 50 or older, you're eligible for extra contributions as well. Americans who are 50 or older can contribute an additional $1,000 in.

The contribution limit for individual retirement accounts (iras) for the 2025 tax year is $7,000. As a couple, you can contribute a combined total of $14,000 (if you’re both under 50) or $16,000 (if you’re both 50 or older) to a traditional ira for 2025.