Roth Contribution Limits 2024 Income Tax Rate. The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000. In 2025, the excess taxable income above which the 28% tax rate applies will likely be $119,550 for married taxpayers filing separate returns and $239,100 for all.
If you are 50 and older, you can contribute an additional $1,000 for a. Those are the caps even if you make more, up to the phaseout level.