2024 Max Roth Ira Contribution Income Limit. If you have a traditional ira, a roth ira―or both―the maximum combined amount you may contribute annually across all your iras. For 2024, the ira contribution limit is $7,000 for those under 50.

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. 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.