Roth Ira Max Contribution 2024 Income Limits

Roth Ira Max Contribution 2024 Income Limits. The contribution limit for a roth ira is $7,000 (or $8,000 if you are over 50) in 2024. If you file taxes as a single person, your modified adjusted gross income (magi) must be under $153,000 for tax year 2023 and $161,000 for tax year 2024 to contribute to a roth ira, and if you're married and file.

$8,000 in individual contributions if you’re 50 or older. If you file taxes as a single person, your modified adjusted gross income (magi) must be under $153,000 for tax year 2023 and $161,000 for tax year 2024 to contribute to a roth ira, and if you’re married and file.