Roth Contribution Limits 2024 Magi Limit. For 2024, individuals can contribute up to $23,000 to their 401(k), 403(b), most 457 plans, and the federal government’s thrift savings plan (tsp), an increase from last year’s. 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.
Those are the caps even if you make more, up to the phaseout level. For 2024 and 2025, you can contribute up to $7,000 annually to your roth ira.