2024 Roth Ira Contribution Limits Table Over 50. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. $6,500 plus an additional $1,000 for employees age 50 or older in 2023;

The roth ira contribution limits for 2023 were $6,500 or your taxable income, whichever was lower. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 tax year was $7,000 or $8,000 if you were age 50 or older.