Roth Ira Contribution Limits 2024 Salary Cap In India. Contribution limits are enforced across traditional iras and roth iras, but income limits only apply to roth. For 2023, the maximum amount you can contribute to a roth ira is $6,500 ($7,000 in 2023).

For 2024, the irs only allows you to save a total of $7,000 across all your traditional and roth iras, combined. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.