What are the IRS contribution limits for traditional and Roth IRAs in 2025, and how do catch-up contributions work for those over 50?
For 2025, the combined traditional and Roth IRA contribution limit is $7,000 for those under 50, with an additional $1,000 catch-up contribution for those 50 and older, raising the total to $8,000. Catch-up contributions are available to savers aged 50+ and are part of the overall IRA contribution, not a separate account.