401k And Roth Ira Contribution Limits 2024 Over 50. The limit for both traditional and roth iras is $7,000 total from among all accounts, a $500 increase from the $6,500 limit in 2023. If you have a roth ira, the maximum in 2023 is $6,500.

If you’re age 50 and older, you can add an extra $1,000 per year in. If you have access to a roth 401 (k) and a traditional 401 (k), you can contribute up to the annual maximum across both.