2024 Max Roth Ira Contribution Income Limit. In 2024, the max ira contribution you’re able to make is $7,000. 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.
The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. 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.