Roth Ira Max Contribution 2024 Income Limits. One downside to roth iras is their relatively low contribution limit — $7,000, as of 2024 ($8,000 if you're 50 or older) — compared with accounts like 401(k)s. Traditional/roth ira contribution limits for 2024.
In 2024, the roth ira contribution limit is $7,000, or $8,000 for individuals age 50 and older, allowing those who are closer to retirement to make additional contributions. But you must have enough earned income to cover the contribution.
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