Roth Contribution Limits 2024 Income Limit. To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year) if single or between $230,000 and. You can contribute up to $7,000 per year to a roth ira (or $8,000 if you’re 50 or older).
Contribution limits are enforced across traditional iras and roth iras, but income limits only apply to roth. In 2023, the roth ira contribution limits for most people are $6,500, or $7,500 if you’re 50 or older.