Irs 2024 Roth Ira Contribution Limits Over 50

Irs 2024 Roth Ira Contribution Limits Over 50. You can make contributions to your roth ira after you reach age 70 ½. 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.

However, keep in mind that your eligibility to contribute to a roth ira is based on. For individuals under 50, the roth ira contribution limit in 2024 is $7,000, a $500 increase from 2023.