Aubry Simonette

Roth Ira Limits 2024 Vanguard Roth. In 2024, the roth ira contribution limit is $7,000, or $8,000 for individuals age 50 and older, allowing those who are closer to retirement to make additional contributions. This means the total contribution can reach as much as $31,000.

The irs recently announced that contribution limits for 401(k) retirement plans will increase in 2025, allowing workers to save more for their future. For the 2024 tax year that’s $7,000, or $8,000 if you’re age 50 or older.