Ira Limits 2024 Contributions Over 50. The cap applies to contributions made across all iras you might have. For 2024, the upper limit for a contribution to a roth ira reaches $240,000 for certain filers, to account for inflation and increasing wages.

$7,000, or $8,000 if you’re 50 or older. The maximum amount you can contribute to a roth ira for 2024 is $7,000 (up from $6,500 in 2023) if you’re younger than age 50.