2024 Roth Ira Contribution Limits Over 50. 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. Anyone can contribute to a traditional ira, but your ability to deduct contributions.
More people will be able to make contributions to roth. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.