Ira Income Limits 2024 Income Limits. 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. Amberly grant resides in longmont, colorado.

For 2024, the total contributions you make each year to all of your traditional iras and roth iras can’t be more than: If you are 50 or older, you can save an additional $1,000, totaling $8,000 across all accounts.