Roth Contribution Limits 2024 Agi. 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. In 2024, the roth ira contribution limit is $7,000, or $8,000 for individuals age 50 and older, allowing those who are closer to retirement to make additional contributions.
If you are 50 and older, you can contribute an additional $1,000 for a total of $8,000. Here’s a rundown of the 2023 and 2024 roth ira income and contribution limits, based on your filing status and modified adjusted gross income (magi):