Editha Ardella

Ira Limits 2024 Contributions Over 50. Your personal roth ira contribution limit, or eligibility to contribute at all, is dictated by your income level. If you're age 50 and older, you can add an extra $1,000 per.

If you’re age 50 or older, you’re eligible for extra contributions as well. 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).