Max Roth Contribution 2024. The maximum contribution limit for roth and traditional iras for 2024 is: If your child's income is less than that, their contribution will be capped at their earned income.
Whether you can contribute the full amount to a roth ira depends on your income. In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older.