2024 Ira Contribution Limits Income

2024 Ira Contribution Limits Income. For 2024, the roth ira contribution limit is $7,000 for those under 50, and $8,000 for those 50 or older. If you’re a single filer, you’re eligible to contribute a portion of the full amount if your magi is $146,000 or more, but less than $161,000.

For 2024, the roth ira contribution limit is $7,000 for those under 50, and $8,000 for those 50 or older. This is an increase from 2023, when the limits were $6,500 and $7,500, respectively.