Roth Ira Limits 2024 Salary Cap

Roth Ira Limits 2024 Salary Cap. You can add an extra $3,500 for 2024 if you're age 50 or older. Income limits for a roth ira set the maximum earnings individuals or couples can have to qualify for contributions within a specific year.

In 2024, these limits are $7,000, or $8,000 if you’re 50 or older. The annual roth ira contribution limit in 2023 is $6,500 for adults younger than 50 and $7,500 for adults 50 and older.