Daria Natalya

Roth Contribution Limits 2024 Income Limits. For those 50 or older, the limit is $8,000, up by $1,000, allowing older savers to accelerate their retirement savings. The same combined contribution limit applies to all of your roth and traditional iras.

Whether or not you can make the maximum roth ira contribution (for 2024 $7,000 annually, or $8,000 if you’re age 50 or older) depends on your tax filing status and your modified adjusted gross income (magi). And it’s also worth noting that this is a cumulative limit.