Roth Ira Contribution Limits 2024 Magi Limit. $7,000 if you're younger than 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 ira, and if you’re married and filing jointly, your magi must be under $228,000 for tax year 2023 and $240,000 for tax year 2024.

You can contribute to an ira at any age. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older.