Roth Ira 2024 Contribution Amount. For individuals under 50, the roth ira contribution limit in 2024 is $7,000, a $500 increase from 2023. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older.
Whether or not you can make the maximum roth ira contribution (for 2024 $7,000 annually, or $8,000 if you’re age 50 or older) depends on your tax filing status and your. The standard deduction for single filers is $14,600 for 2024.