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

The maximum amount you can contribute to a roth ira in 2023 is $6,500, or $7,500 if you’re age 50, or older. This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose.