Ira Income Limits 2024 2024. The maximum amount you can contribute to a roth ira in 2023 is $6,500, or $7,500 if you’re age 50, or older. 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.

In 2024, those adjustments will make a big difference in who can contribute to a roth. The irs announced the 2024 ira contribution limits on november 1, 2023.