Income Limits For Roth Ira Contributions 2024 Calendar. You can contribute to a roth ira if you are earning an income and you meet certain requirements. If you are 50 and older, you can contribute an additional $1,000 for a total of $8,000.

The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older. You can make contributions to your roth ira after you reach age 70 ½.