Roth Ira Income Limits 2024 Over 50. Those over 50 can still contribute up to $1,000 more in 2024, meaning that the limit is now $8,000. In 2023, the roth ira contribution limits for most people are $6,500, or $7,500 if you're 50 or older.
The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you’re age 50 or older.