2024 Roth Ira Contribution Limits Over Age 50. For the 2024 tax year, the ira contribution cap for people under age 50 is $7,000. The limit for contributions to traditional and roth iras for 2024 is $7,000, plus an additional $1,000 if the taxpayer is age 50 or older.
The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 and 2025 tax years is $7,000 or $8,000 if you are age 50 or older. For the 2024 tax year, the ira contribution cap for people under age 50 is $7,000.