2024 Ira Contribution Limits Over 50. For the tax year 2024, the maximum contribution to a roth ira is $7,000 for those younger than 50 and $8,000 for those who are 50 or older. This is an increase from 2023, when the limits were $6,500 and $7,500,.
Ira contribution limit increased for 2024. The annual roth ira contribution limit in 2023 is $6,500 for adults younger than 50 and $7,500 for adults 50 and older.