Roth Ira Contribution Limits 2024 Over 50. The maximum roth ira contribution for 2022 is $7,000 if you’re age 50 or older, or $6,000 if you’re younger. In 2024, the employee contribution limits to a simple ira are $16,000 for employees under 50 years old and $19,500 for employees 50 and older by the end of the calendar year.

The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or. This is up from the ira.