2024 Roth Ira Limits Income. The contribution limit for a roth ira is $7,000 (or $8,000 if you are over 50) in 2024. Find out if your modified adjusted gross income (agi ) affects your roth ira contributions.

Whether or not you can make the maximum roth ira contribution (for 2024 $7,000 annually, or $8,000 if you’re age 50 or older) depends on. 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 filing.