2024 Roth Ira Contribution Limits Over 50. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024. In this scenario, it may make sense to go ahead and do a series of gradual roth conversions over the next few years.

For individuals under 50, the roth ira contribution limit in 2024 is $7,000, a $500 increase from 2023. For those 50 or older, the limit is $8,000, up by $1,000, allowing older savers to accelerate their retirement savings.