Roth Contribution Limits 2024 Magi. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. If you have a traditional ira, a roth ira―or both―the maximum combined amount you may contribute annually across all your iras.
For individuals under 50, the roth ira contribution limit in 2024 is $7,000, a $500 increase from 2023. You cannot deduct contributions to a roth ira.
