2024 Roth Ira Contribution Limits Over Age 50. This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose. For 2024, the total contributions you make each year to all of your traditional iras and roth iras can't be more than:

For those 50 or older, the limit is $8,000, up by $1,000, allowing older savers to accelerate their retirement savings. For 2024, the roth ira contribution limits are $7,000, or $8,000 if you’re 50 or older.