Roth Ira Limits 2024 Married Filing Jointly Over 50. Full deduction up to the amount of your contribution limit. The 2024 annual ira contribution limit is $7,000 for individuals under 50,.
This figure is up from the 2023 limit of $6,500. A mega backdoor roth is a strategy that allows individual investors to contribute more to a roth ira and/or roth 401 (k) than the standard contribution limits.