Roth Income Limits 2024 Over 50. One drawback of iras is that they have much lower contribution limits than 401(k)s. In 2024, these limits are $7,000, or $8,000 if you're 50 or older.

The maximum amount you can contribute to a roth ira for 2025 and 2024 is $7,000 if you’re younger than age 50. Americans will be able to sock away more in their workplace retirement plans, before.