Roth Ira Contribution Limits 2024 Income Over 65. The roth ira contribution limit for 2024 is $7,000 for those under 50, and an additional $1,000 catch up contribution for those 50 and older. Here's a rundown of the 2023 and 2024 roth ira income and contribution limits, based on your filing status and modified adjusted gross income (magi):
If you’re age 50 and older, you can add an extra $1,000. 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.