Roth Ira Limits 2024 Married Filing Jointly Over 60. The roth ira contribution limit for 2024 is $7,000 in 2024 ($8,000 if age 50 or older). A roth ira is an ira that, except as explained below, is subject to the rules that apply to a traditional ira.

Multiply the maximum contribution limit (before reduction by this. 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.