Roth Contribution Limits 2024. Contribution limited to $7,000 plus an additional $1,000 for employees age 50 or older in 2024; 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.

Those are the caps even if you make more, up to the phaseout level. You can leave amounts in your roth ira as long as you live.