Roth Ira Contribution 2024 Max Amount. 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. Whether you can contribute the full amount to a roth ira depends on your income.
Those over 50 can still contribute up to $1,000 more in 2024, meaning that the limit is now $8,000. โ the roth ira contribution limits will increase in 2024 in november, the internal revenue service published updated ira contribution limits for 2024.