Lina Shelby

Roth Ira Contribution Limits 2024 Salary Cap Calculator. 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 file.  — the roth ira contribution limit for 2024 is $7,000 for those under 50, and $8,000 for those 50 and older.

The contribution limit in 2024 for those aged 49 and below is $7,000. Anyone with earned income can contribute to a traditional ira, but your income.