Irs Roth Ira Contribution Limits 2024. When the individual retirement account (ira) was created in 1974, the contribution limit per year was $1,500; The annual roth ira contribution limit in 2023 is $6,500 for adults younger than 50 and $7,500 for adults 50 and older.
You can leave amounts in your roth ira as long as you live. If you’re married, you and your spouse can each contribute.