2024 Roth Ira Contribution Limits Magistrate. — the roth ira contribution limit for 2024 is $7,000, or $8,000 if you’re 50 or older. In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older.
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. Depending on your filing status and modified.