2024 Roth Ira Contribution Limits Table 2024. 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 must be under $228,000 for tax. The 2024 roth ira income limits are less than $161,000 for single tax filers and less than $240,000 for those married filing jointly.

The contribution limit shown within parentheses is relevant to individuals age 50 and older. This number is up from $6,500 in 2023, although the irs does change the contribution limit every few years (this is to keep up with inflation).