2024 Roth Ira Contribution Limits Income. If you have a traditional ira, a roth ira―or both―the maximum combined amount you may contribute annually across all your iras is the same: Retirement savers 50 and 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 ira, and if you’re married and filing. Those limits reflect an increase of $500 over the.