Roth Ira Contribution Limits 2024 Magi Limit. The contribution limit for a roth ira is $7,000 (or $8,000 if you are over 50) in 2024. retirement savers age 50 and older can chip in an.

As a couple, you can contribute a combined total of $14,000 (if you’re both under 50) or $16,000 (if you’re both 50 or older) to a traditional ira for 2024. The contribution limit shown within parentheses is relevant to individuals age 50 and older.