Roth Contribution Limits 2024 Magi. The contribution limit for a roth ira is $7,000 (or $8,000 if you are over 50) in 2024. 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 you're married and file.

Your filing status is married filing jointly or qualifying surviving spouse and. For 2024, your roth ira contribution limit is reduced (phased out) in the following situations.