Roth Ira Contribution Limits 2024 Salary Cap

Roth Ira Contribution Limits 2024 Salary Cap. This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose. Roth ira contribution limits have increased for 2024.

In 2024, these limits are $7,000, or $8,000 if you’re 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.