Roth Contribution Limits 2024 Over 50. If you’ve hit the roth ira contribution limit, you can also consider contributing to a roth 401 (k). It's important to be aware of these limits so you can plan your retirement savings accordingly.
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. This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose.
