Roth Ira 2024 Maximum Contribution Over 50. Those are the caps even if you make more, up to the phaseout level. If you're age 50 and older, you can add an extra $1,000 per year in.

At certain incomes, the contribution amount is lowered until it is eliminated completely. The combined annual contribution limit in 2024 for a traditional and roth ira is $7,000 for those younger than age 50 and $8,000 for those 50 and older (since the latter.