Individual Roth Ira Contribution Limits 2024. The irs has announced new contribution limits for 401(k) plans in 2025. The chart below details the modified adjusted gross income.

The roth ira contribution limit for 2024 is $7,000 for those under 50, and an additional $1,000 catch up contribution for those 50 and older. Individual retirement accounts (iras) provide multiple paths to retirement savings.