Roth Ira Income Limits 2024 Joint Tax. In 2023, the roth ira contribution limits for most people are $6,500, or $7,500 if you're 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 youโre married and filing.
Start with your modified agi. Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira.