Roth Contribution Income Limits 2024 Over 50. In addition to the general contribution limit that applies to both roth and traditional iras, your roth ira. How much you can contribute is limited by your income.

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. For 2024, the limit is $7,000 plus a.