Roth Contribution Limits 2024 Salary 2024. Income limits for a roth ira set the maximum earnings individuals or couples can have to qualify for contributions within a specific year. The contribution limit for a roth ira is $7,000 (or $8,000 if you are over 50) in 2024.
The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 tax year was $7,000 or $8,000 if you were age 50 or older. Income limits for a roth ira set the maximum earnings individuals or couples can have to qualify for contributions within a specific year.