Backdoor Roth Ira Contribution Limits 2024 Over 55. In 2024, the contribution limit is $23,000 if you’re under 50 and $30,500 if you’re over 50. A backdoor roth ira is a strategy where individuals who exceed income limits for direct roth ira contributions can instead contribute to a traditional ira and then convert those funds to a.
The maximum contribution for 2024 is $7,900, but if you are age 50 or over, it is $8,000. A backdoor roth ira is currently acceptable under the law and respected by the internal revenue service (irs), provided all tax law requirements are followed.