Marni Sharron

Roth Ira Contribution Limits 2024 Income Capital Gains 2024. In 2024, this increases to $7,000 or $8,000 if you're age 50+. 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.

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). The roth ira contribution limit for 2024 is $7,000 in 2024 ($8,000 if age 50 or older).