Roth Ira Contribution Limits 2024 Salary Cap Calculator. 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 $230,000 (up from. Roth ira income and contribution limits for 2024 and 2025.

Furthermore, to qualify to make roth ira contributions, filers must have earned income (i.e. In 2024, the roth ira contribution limit is $7,000, or $8,000 for individuals age 50 and older, allowing those who are closer to retirement to make additional contributions.