2024 Roth Ira Contribution Limits Magisar. 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. Depending on your filing status and modified adjusted gross.

The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you’re age 50 or older. The roth individual retirement account (roth ira) has a contribution limit, which is $7,000 in 2024 or $8,000 if you are 50 or older.