Roth Ira Limits 2024 Fidelity Account. This low amount makes sense once you know that the internal revenue service (irs) limits how much you can contribute to your ira every year. The same combined contribution limit applies to all of your roth and traditional iras.

If you are 50 and older, you can contribute an additional $1,000 for a total of $8,000. Those are the caps even if you make more, up to the phaseout level.