Roth Ira Contribution Limits 2024 Income Capacity. Ira and roth ira contribution limits. Whether or not you can make the maximum roth ira contribution (for 2024 $7,000 annually, or $8,000 if you're age 50 or older) depends on your tax filing status and your modified adjusted gross income (magi).
Contribution limits are enforced across traditional iras and roth iras, but income limits only apply to roth accounts. The roth ira contribution limit for 2024 offers opportunities to save for retirement with tax advantages: