Roth Ira Limits 2024 Salary Limit

Roth Ira Limits 2024 Salary Limit. If you are under age 50, you may contribute $7,000 a year. 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 jointly, your magi.

For 2024, the roth ira contribution limits are going up $500. The roth ira income limit to make a full contribution in 2024 is less than $146,000 for single filers, and less than $230,000 for those filing jointly.