Roth Ira Income Limits 2024 Phase Out. If it’s above $161,000, you lose the ability to contribute to a roth ira entirely. The contribution limit for a roth ira is $6,500 (or $7,500 if you are over 50) in 2023.
The contribution limit for a roth ira is $6,500 (or $7,500 if you are over 50) in 2023. If you’re age 50 and older, you can add an extra $1,000 per year in.