Maximum 401k And Roth Ira Contribution 2024. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for individuals age 50 or older). The maximum contribution for iras and roth iras increased to $6,500, up from $6,000 in 2022.
For a roth ira account, the 2024 maximum is $7,000. The maximum contribution for iras and roth iras increased to $6,500, up from $6,000 in 2022.