What is the maximum amount to contribute to roth IRA in one year?

For the tax year 2023, the maximum contribution limit to a Roth IRA is $6,500 for individuals under 50. Those aged 50 and older can contribute an additional $1,000, bringing their total to $7,500. However, these limits can be reduced or phased out based on your modified adjusted gross income (MAGI). Always check for updates or changes in contribution limits from the IRS or consult a financial advisor.