Roth Ira Contribution 2024 Maximum Amount. 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. At certain incomes, the contribution amount is lowered until it is eliminated completely.
If you’re age 50 and older, you can add an extra $1,000 per year. The annual roth ira contribution limit in 2023 is $6,500 for adults younger than 50 and $7,500 for adults 50 and older.
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