2024 Roth Ira Contribution Limits Magistrate. If you’re over 50 by the end of the year, you can. Roth ira contribution limits have increased for 2024.
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. For tax year 2024, the amount you can contribute to a roth ira increases to $7,000.