Ira Limits 2024 Roth Contribution. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2024 tax year was $7,000 or $8,000 if you were age 50 or older. You are allowed to contribute the full $7,000 to your roth ira if your modified adjusted gross income (magi) is less than $146,000 in 2024.
This table shows whether your contribution to a roth ira is affected by the amount of your modified agi as computed for roth ira purpose. Those are the caps even if you make more, up to the phaseout level.
Ira Limits 2024 Roth Contribution Images References :