2024 Roth Ira Contribution Limits Over Age 50. For 2024, individuals under the age of 50 can contribute a maximum of $6,500 to their roth ira. The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you're age.

With the passage of secure 2.0 act, effective 1/1/2024 you may also be eligible to contribute to your roth ira using 529 rollover assets. For individuals under 50, the roth ira contribution limit in 2024 is $7,000, a $500 increase from 2023.