Roth Contribution Limits 2024 Agi Limit. If you're 49 and under, you can contribute up to $7,000 to a roth ira in 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 youโre married and filing jointly, your magi must be under $228,000 for tax year 2023 and $240,000 for tax year 2024.
The annual roth ira contribution limit in 2023 is $6,500 for adults younger than 50 and $7,500 for adults 50 and older. The contribution limit for a roth ira is $7,000 (or $8,000 if you are over 50) in 2024.