Roth Contribution Limits 2024 Phase Out Over 50. In 2024, the roth ira contribution limit is $7,000, or $8,000 for individuals age 50 and older, allowing those who are closer to retirement to make additional contributions. The maximum roth ira contribution limit for 2024 is $7,000 for those under 50, and an additional $1,000 in catch up contribution for those 50 and older.

The annual roth ira contribution limit in 2024 is $7,000 for adults younger than 50 and $8,000 for adults 50 and older. Roth iras can play a big role in your retirement plan.