2024 Roth Ira Contribution Limits Income Guidelines. 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. The irs recently announced the 2024 ira contribution limits, which are $500 more than the limits for 2023.

If you have $50,000 in your 401 (k) and then you. 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.