Roth Ira Contribution Limits 2024 Income. Income limits for a roth ira set the maximum earnings individuals or couples can have to qualify for contributions within a specific year. Roth iras can play a big role in your retirement plan.
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. 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 jointly, your magi.