Roth Ira 2024 Contribution Limits Over 50. You can leave amounts in your roth ira as long as you live. 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.

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. Contribution limits are enforced across traditional iras and roth iras, but income limits only apply to roth accounts.