Roth Ira Limits 2024 Income 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. Amount of your reduced roth ira.

The 401 (k) contribution limit is $23,000. For 2024, the total contributions you make each year to all of your traditional iras and roth iras can’t be more than: