Maximum Roth Ira Contribution 2024 Over 55
The roth ira contribution and income limits are rising in 2024. For 2024, the maximum contribution limit for a roth ira is $7,000 for individuals under the age of 50.
You can make a contribution to your ira by having your income tax refund (or a portion of your refund), if any, paid directly to your traditional ira, roth ira, or sep ira. This is an increase from 2023, when the limits were $6,500 and $7,500,.