Roth Ira Contribution Limits 2024 Magi Limits 2024. If you have a traditional ira, a roth ira―or both―the maximum combined amount you may contribute annually across all your iras. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those 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.