Roth Ira Contribution Limits 2024 Salary Cap

Roth Ira Contribution Limits 2024 Salary Cap. The contribution limit for a roth ira is $6,500 (or $7,500 if you are over 50) in 2023. You’re allowed to increase that to $7,500 ($8,000 in 2024) if you’re.

In 2024, these limits are $7,000, or $8,000 if you’re 50 or older. If you’re 50 or older, you can add another $1,000 for a total contribution of $7,500.