2024 Roth Ira Contribution Limits Over Age 50. Couples can double the amount if they both have iras. A good time to plan ahead for 2024.


2024 Roth Ira Contribution Limits Over Age 50

Contribution limits are enforced across traditional iras and roth iras, but income limits only apply to roth accounts. 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.

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