Roth Ira Tax Limit 2024. The roth ira contribution limit for 2024 is $7,000 for those under 50, and $8,000 for those 50 and older. Your roth ira contribution might be limited based on your filing status and income.

Qualified roth ira distributions are not subject to income tax or capital gains tax. If you’re 49 and under, you can contribute.