Roth Ira Contribution Limits 2024 Over 50. The annual roth ira contribution limit in 2023 is $6,500 for adults younger than 50 and $7,500 for adults 50 and older. 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. Anyone can contribute to a traditional ira, but your ability to deduct contributions.