Individual Roth Ira Limits 2024

Individual Roth Ira Limits 2024. The contribution limit for a roth ira is $6,500 (or $7,500 if you are over 50) in 2023. 2024 contribution limits for different age groups:

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. In addition to the general contribution limit that applies to both roth and traditional iras, your roth ira.