Roth Ira Contribution Limits 2024 Catch Up. 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. You cannot contribute to a roth ira.

For 2024, that limit goes up by $500 for a total of $8,000. If you’re age 50 and older, you can add an extra $1,000 per.