Roth Ira Limits 2024 Over 50 Years. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. The roth ira income limits will increase in 2024.

It’s equal to your (or your spouse’s) earned income up to $7,000 or $8,000 if you’re over 50. 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.