Irs.Gov Roth Ira Contribution Limits 2024. The contribution limit for a roth ira is $7,000 (or $8,000 if you are over 50) in 2024. Those are the caps even if you make more, up to the phaseout level.

Income limits for a roth ira set the maximum earnings individuals or couples can have to qualify for contributions within a specific year. Beginning in 2023, the ira contribution limit is increased to $6,500 ($7,500 for individuals age 50 or older) from $6,000 ($7,000 for individuals age 50 or older).