Roth Ira Catch Up Contribution 2024. A type of retirement savings contribution that allows people over 50 to make additional contributions to their 401(k) and/or individual. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older.

Here’s what you need to know as you update your retirement savings plans between now and then. Next year, the roth ira contribution limit for savers under 50 will jump to $7,000, up from $6,500 in 2023.