Roth Ira Contribution Limits 2024 Income Tax.  — 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.  — the annual roth ira contribution limit in 2023 is $6,500 for adults younger than 50 and $7,500 for adults 50 and older.

While investors can contribute $23,000 ($30,500 if they’re age 50 or over) to a roth or traditional/pretax 401(k) account in 2024, aftertax. The maximum amount you can contribute to a roth ira in 2023 is $6,500, or $7,500 if you’re age 50, or older.