2024 Roth Ira Income Limits Over 50. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. $7,000 ($8,000 if you're age 50 or older), or.
In 2024, this increases to $7,000 or. 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.