2025 Ira Contribution Limits Income Based. The irs determines the maximum contribution for each type of ira annually, and they recently announced the updated limits for tax year 2025. The ira contribution limits for 2025 are $7,000 for those under age 50, and $8,000 for those age 50 or older.

If you fall within either range, you can make a partial contribution. These changes apply to 401(k), ira, simple ira, and sep ira plans.