Roth Contribution Limits 2024 Over 50

Roth Contribution Limits 2024 Over 50. 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. Your personal roth ira contribution limit, or eligibility to contribute at all, is dictated by your income level.

$8,000 in individual contributions if you’re 50 or older. In 2023, the limit was $6,500.