Ira Limits 2024 Contribution Over 50. 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. 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.
In 2023, the contribution limits were $6,500, or $7,500 for taxpayers who are 50 or older. This table shows whether your contribution to a roth ira is affected by the.