Roth Ira Contribution Limits 2024 Magi Limit

Roth Ira Contribution Limits 2024 Magi Limit. The 2024 roth ira income limits are less than $161,000 for single tax filers and less than $240,000 for those married filing jointly. The 2024 roth ira income limits are less than $161,000 for single tax filers and less than $240,000 for those married filing jointly.

Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for individuals age 50 or older). The contribution limit for a roth ira is $6,500 (or $7,500 if you are over 50) in 2023.