Roth Ira Limits 2024 Fidelity Tax. A backdoor roth ira may be particularly appealing to those who earn too much to contribute directly to a roth ira. If you're 50 or older, you can add another $1,000 for a total contribution of $7,500.

So if a 529 owner rolls $5,000 of account funds into a roth ira. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.