2024 Roth Ira Contribution Limits Over Age 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. Whether you can contribute the full amount to a roth ira depends on your.

The roth ira contribution limit for 2024 is $7,000, or $8,000 if you’re 50 or older. 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.