2024 Roth Ira Contribution Limits Irs. If you are 50 and older, you can contribute an additional $1,000 for a total of $8,000. Contribution limited to $7,000 plus an additional $1,000 for employees age 50 or older in 2024;
For those 50 or older, the limit is $8,000, up by $1,000, allowing older savers to accelerate their retirement savings. Whether or not you can make the maximum roth ira contribution (for 2024 $7,000 annually, or $8,000 if you’re age 50 or older) depends on your tax filing status and your modified adjusted gross income (magi).
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