Maximum Roth Ira Contribution 2024 Over 50. Additionally, the total of rollover contributions and direct contributions cannot exceed the beneficiary’s earned income for that. You can chip in an additional $1,000 if you are 50 or older, bringing your total.

If you’ve hit the roth ira contribution limit, you can also consider contributing to a roth 401 (k). The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older.