Roth Contribution Limits 2024 Magi Increase. Annual roth ira contribution limits in 2024 are $7,000 for people under 50 ($8,000 for people 50 and up). 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 youโre married and filing jointly, your magi.
Roth ira contribution limits have gone up. 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.