Oth Ira Limits 2024 Income. 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. For 2024, the total contributions you make each year to all of your traditional iras and roth iras can't be more than:

Contribution limits are enforced across traditional iras and roth iras, but income limits only apply to roth. To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year) if single or between $230,000 and.