Roth Ira Salary Limit 2024 Over 50
Roth Ira Salary Limit 2024 Over 50. 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. That's up from $6,500 in 2023.
That means you’ll be able to stash away up to $7,000 in a roth ira in 2024, up from $6,500 in 2023. Roth iras can play a big role in your retirement plan.