2024 Roth 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. The roth ira income limits will increase in 2024.
If your income is less than $146,000 in 2024 and you’re a single. 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.