2024 Roth Ira Limit. If you're age 50 and older, you. A custodial roth ira for a minor child follows the same rules for contributions as a noncustodial ira.

The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older. Whether or not you can make the maximum roth ira contribution (for 2024 $7,000 annually, or $8,000 if you’re age 50 or older) depends on your tax filing status and your.