What Is The 2024 Roth Ira Contribution Limits. 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. In 2024, the maximum contribution you can make to a roth (or traditional) ira is $7,000.
The maximum amount you can contribute to a roth ira for 2024 is $7,000 (up from $6,500 in 2023) if you’re younger than age 50. But other factors could limit how much you can contribute to your roth ira.
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