Roth Ira 2024 Contribution Limit Over 50

Roth Ira 2024 Contribution Limit Over 50. If your modified agi is less than $230,000, then you are able to contribute up to the $7,000 contribution limit. At certain incomes, the contribution amount is lowered until it is eliminated.

If you’re married filing jointly or a qualifying widow (er): For 2023, the roth ira contribution limit is $6,500, which is the same amount as the traditional ira limit.