Roth Contribution Limits 2024 Income Limit Increase. 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 filing. 2024 roth ira income limits.

The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. Contribution limits are enforced across traditional iras and roth iras, but income limits only apply to roth accounts.