Individual Roth Ira Limits 2024. A roth ira is an ira that, except as explained below, is subject to the rules that apply to a traditional ira. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older.
The charles schwab corporation provides a full range of. And to account for a rise in the cost of living, contribution limits usually change annually.